Post on 24-Dec-2015
STATE REVENUE
STATE REVENUE
Where do we get the money from and how do we spend it?
Where do we get the money from and how do we spend it?
What is revenue?What is revenue?
All money that the government brings in.
Examples TaxesFeesSales
Lottery Funds
All money that the government brings in.
Examples TaxesFeesSales
Lottery Funds
Who can levy taxes in Georgia?
Who can levy taxes in Georgia?
STATECOUNTIES
CITIES
STATECOUNTIES
CITIES
WHAT IS A TAX?WHAT IS A TAX?
A tax is a required payment to a government by a person or business.
Types of taxes Personal Income Tax - largest source
of revenue for Georgia. Corporate Income Tax Sales tax Property Tax
A tax is a required payment to a government by a person or business.
Types of taxes Personal Income Tax - largest source
of revenue for Georgia. Corporate Income Tax Sales tax Property Tax
A corporate income tax is a tax that is levied on a business.A corporate income tax is a
tax that is levied on a business.
How is a corporate income tax determined?
Corporate Income tax is based on the money a company makes.
The more your company makes the more you get taxed. The less your company makes the less you get taxed.
It is collected by the state level only
How is a corporate income tax determined?
Corporate Income tax is based on the money a company makes.
The more your company makes the more you get taxed. The less your company makes the less you get taxed.
It is collected by the state level only
SALES TAXSALES TAX
A tax levied on most retail goods and
services.
Usually 7-8%
A tax levied on most retail goods and
services.
Usually 7-8%
PROPERTY TAXPROPERTY TAX
Taxes placed on property
LAND HOMES CARS BOATS
BUSINESS INVENTORY
Taxes placed on property
LAND HOMES CARS BOATS
BUSINESS INVENTORY
STATE LOTTERYSTATE LOTTERY
Lottery funds are the largest non-tax revenue source for Georgia.
Used for special programs like scholarships and preschool programs.
Lottery funds are the largest non-tax revenue source for Georgia.
Used for special programs like scholarships and preschool programs.
HOW DO LOCAL GOVERNMENTS GET NON-
TAX REVENUE FOR GEORGIA?
HOW DO LOCAL GOVERNMENTS GET NON-
TAX REVENUE FOR GEORGIA?
Most local governments get non-tax revenue through fees for services such as water and
sanitation.
Most local governments get non-tax revenue through fees for services such as water and
sanitation.
BALANCED BUDGETBALANCED BUDGET
A balanced budget means that the state cannot spend more money than it brings in.
The state cannot borrow from other sources. This keeps the state out of debt.
It also limits programs on which the state’s money is spent.
A balanced budget means that the state cannot spend more money than it brings in.
The state cannot borrow from other sources. This keeps the state out of debt.
It also limits programs on which the state’s money is spent.
Who decides how and where state funds are
spent?
Who decides how and where state funds are
spent? GOVERNOR
REPRESENTATIVES FROM STATE AGENCIES
STATE LEGISLATURE
SPECIAL INTEREST GROUPS
GOVERNOR
REPRESENTATIVES FROM STATE AGENCIES
STATE LEGISLATURE
SPECIAL INTEREST GROUPS
HOW DO GEORGIA’S PUBLIC SCHOOL SYSTEMS
USE THEIR BUDGET MONEY?
HOW DO GEORGIA’S PUBLIC SCHOOL SYSTEMS
USE THEIR BUDGET MONEY?
Maintain school buildings
Teachers’ pay
Supplies to run the school
Maintain school buildings
Teachers’ pay
Supplies to run the school
OTHER STATE SERVICESOTHER STATE SERVICES
Maintaining roads throughout the state
State parks
Conservation areas
Maintaining roads throughout the state
State parks
Conservation areas
GEORGIA STATE REVENUE SOURCES
(2004)
GEORGIA STATE REVENUE SOURCES
(2004)Income: Georgia State Budget
Taxes, Fees, and Sales $15,063,809,957
Lottery Funds $691,795,656
Tobacco SettlementFunds $175,080,760
Brain and Spinal InjuryTrust Fund $2,000,000
Revenue ShortfallReserve $141,997,339
GEORGIA STATE SPENDING (2004)GEORGIA STATE
SPENDING (2004)
Income: Georgia State Budget EDUCATION
SOCIAL SERVICES
CRIMINAL JUSTICE
DEBT SERVICE
TRANSPORTATION
ALL OTHER STATEAGENCIES
PROPERTY TAX CUT
Income: Georgia State Budget EDUCATION
SOCIAL SERVICES
CRIMINAL JUSTICE
DEBT SERVICE
TRANSPORTATION
ALL OTHER STATEAGENCIES
PROPERTY TAX CUT