Full Citation
Title: The Fiscal Architecture of Georgia: Structural Changes and Future Implications
Citation Type: Miscellaneous
Publication Year: 2017
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Abstract: Structural changes in demographics and the economy are creating new challenges and opportunities for subnational governments in regard to public finance across the United States. This report focuses on major demographic and economic changes over the last two decades that affect the state of Georgia and discusses the fiscal implications of these changes. In prior decades, Georgia was relatively less affected than other states by demographic trends such as the aging of the workforce. However, the states population is expected to age substantially over the next 20 years, which will significantly influence revenues and the demand for public services. Furthermore, health care reform in the state is still pending, and Georgia lags behind the national average on most of health indicators. The impacts of these trends are important in terms of economic growth. Georgias economy and industrial composition have also changed dramatically over the last two decades, with a strong decline in manufacturing. In recent years, there has been some job growth in the manufacturing and construction sectors, and the growth in employment in the state has been above the U.S. average.
Url: http://frc.gsu.edu/files/2017/01/Fiscal-Architecture-Georgia_January-2017.pdf
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Authors: Pathak, Rahul; Wallace, Sally
Publisher: Andrew Young School Fiscal Research Center
Data Collections: IPUMS USA
Topics: Aging and Retirement, Labor Force and Occupational Structure, Other, Race and Ethnicity
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