1. Where do we get the money from and how do we spend it?
STATE REVENUE
Where do we get the money from and how do we spend it?

2. What is revenue? Examples All money that the government brings in.
Taxes
Fees
Sales
Lottery Funds

3. Who can levy taxes in Georgia?
STATE
COUNTIES
CITIES

4. 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

5. 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

6. A tax levied on most retail goods and services.
SALES TAX
A tax levied on most retail goods and services.
Usually 7-8%

7. Taxes placed on property
PROPERTY TAX
Taxes placed on property
LAND
HOMES
CARS
BOATS
BUSINESS INVENTORY

8. STATE LOTTERY
Lottery funds are the largest non-tax revenue source for Georgia.
Used for special programs like scholarships and preschool programs.

9. 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.

10. BALANCED 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.

11. Who decides how and where state funds are spent?
GOVERNOR
REPRESENTATIVES FROM STATE AGENCIES
STATE LEGISLATURE
SPECIAL INTEREST GROUPS

12. HOW DO GEORGIA’S PUBLIC SCHOOL SYSTEMS USE THEIR BUDGET MONEY?
Maintain school buildings
Teachers pay
Supplies to run the school

13. OTHER STATE SERVICES Maintaining roads throughout the state
State parks
Conservation areas

14. GEORGIA STATE REVENUE SOURCES (2004)

15. GEORGIA STATE SPENDING (2004)