Georgia lawmakers commenced the 2024 legislative session on January 8, 2024, with a three-year budget surplus of $11 billion and a fully funded rainy day fund of $5.4 billion. Legislators will consider various ways to use these funds, but some key issues this year will likely revolve around topics like Medicaid expansion, the acceleration of pre-planned income tax cuts, and the potential allocation of raises or bonuses for public school teachers and state employees.
Want to learn more about Georgia’s tax policy and how Georgia compares to other states? Check out our latest editions of our annual handbooks:
Georgia’s Taxes: A Summary of Major State and Local Taxes. This report is designed to give a quick overview of state and local taxes in Georgia and comparisons with other states. The brief summary for each tax includes, when available, tax base, tax rate, major exemptions, revenue production, code references, a history of major changes, comparisons with other states, and other key information.
Georgia’s Rankings Among the States: Budget, Taxes and Other Indicators. This report includes a collection of quantitative metrics and state rankings that compare Georgia to states across the nation. While several of the comparisons focus on total state or local government revenue and expenditures, the report also includes a number of measures that provide comparisons within specific functional areas, such as education, health, and transportation.
Prior editions of both handbooks can be found here.