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Bulloch County – Government Finance

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Government finances play a pivotal role in shaping the local economy, influencing economic growth, stability, and the overall well-being of communities. The impact of government finances on the local economy can be analyzed through several key mechanisms, including public spending, taxation, debt management, and fiscal policies. These elements collectively determine the flow of resources, the level of economic activity, and the quality of life for residents.

  1. Public Spending and Investment One of the most direct ways government finances affect the local economy is through public spending. Governments allocate funds to infrastructure projects, education, healthcare, public safety, and social services. These investments create jobs, stimulate demand for goods and services, and enhance the productivity of the local workforce. For instance, building roads, bridges, and public transportation systems not only provides immediate employment opportunities but also improves connectivity, reducing transportation costs for businesses and facilitating trade. Similarly, investments in education and healthcare contribute to a skilled and healthy workforce, which is essential for long-term economic growth.

  2. Taxation Policies Taxation is another critical component of government finances that impacts the local economy. Taxes fund public services and infrastructure, but they also influence the behavior of individuals and businesses. High tax rates can discourage investment and consumption, potentially stifling economic growth. Conversely, low tax rates may attract businesses and stimulate spending but can lead to budget deficits if not managed properly. Progressive taxation, where higher-income individuals pay a larger share, can reduce income inequality and increase disposable income for lower-income households, boosting local demand for goods and services.

  3. Debt Management Government borrowing and debt management also have significant implications for the local economy. When governments borrow to finance deficits or invest in long-term projects, they can stimulate economic activity in the short term. However, excessive debt can lead to higher interest rates, crowding out private investment, and increasing the risk of financial instability. Effective debt management ensures that borrowing is sustainable and that funds are used efficiently to generate economic returns.

  4. Fiscal Policies Fiscal policies, including government spending and taxation, are tools used to manage economic cycles. During economic downturns, expansionary fiscal policies, such as increased spending and tax cuts, can stimulate demand and help the economy recover. Conversely, during periods of high inflation, contractionary fiscal policies, such as reduced spending and higher taxes, can help cool down the economy. The timing and effectiveness of these policies are crucial in stabilizing the local economy and maintaining public confidence.

  5. Social and Economic Equity Government finances also play a role in promoting social and economic equity. Redistributive policies, such as social welfare programs and subsidies, can reduce poverty and inequality, leading to a more inclusive economy. By providing a safety net for vulnerable populations, governments can ensure that all residents have access to basic needs, which in turn supports overall economic stability and growth.

  6. Conclusion In summary, government finances have a profound impact on the local economy through public spending, taxation, debt management, and fiscal policies. Effective management of these financial tools can stimulate economic growth, reduce inequality, and enhance the quality of life for residents. Conversely, poor financial management can lead to economic instability, reduced investment, and social unrest. Therefore, it is essential for governments to adopt prudent fiscal policies and ensure that financial resources are allocated efficiently and equitably to support sustainable economic development.

A key indicator for comparison is how much government collects, spends and and establishes debt for each resident under its perview.

The revenue per resident at the local level is:

4,070.07

The expenses per resident at the local level is:

3,650.62

The outstanding debt per resident at the local level is:

568.42

 
BullochGeorgiaNational



LocalLocalLocalLocalStateState
PerContri-PerContri-PerContri-
LocalPer CentStatePer CentCapitabutionNationalPer CentCapitabutionCapitabution
Description(,000's)Per Capitato Total(,000's)Per Capitato TotalIndexIndex(,000's)Per Capitato TotalIndexIndexIndexIndex

Revenue341,1374,070.07100.002,723,3464,702.61100.000.871.0063,974,2805,803.10100.000.701.000.811.00

  General revenue331,7603,958.1997.252,567,2304,433.0394.270.891.0359,081,1025,359.2492.350.741.050.831.02

    Intergovernmental revenue140,7521,679.3041.261,169,0172,018.6342.930.830.9619,525,1571,771.1230.520.951.351.141.41
      From Federal government6,41576.541.8864,226110.902.360.690.802,761,441250.494.320.310.440.440.55
      From State government134,3371,602.7639.381,104,7911,907.7340.570.840.9716,763,7161,520.6326.201.051.501.251.55
      From local government00.000.0000.000.000.000.0000.000.000.000.000.000.00

    General revenue from own sources191,0082,278.9055.991,398,2132,414.4051.340.941.0939,555,9453,588.1161.830.640.910.670.83
      Taxes130,4991,556.9738.25954,2971,647.8635.040.941.0923,225,3132,106.7636.300.741.050.780.97
        Property56,363672.4616.52766,2421,323.1328.140.510.5915,157,4351,374.9323.690.490.700.961.19
        Sales & gross receipts72,233861.8021.1711,72720.250.4342.5649.177,362,197667.8211.511.291.840.030.04
          General sales62,100740.9118.2000.000.00429,070.58495,753.285,663,677513.758.851.442.060.000.00
          Selective sales10,133120.902.9711,72720.250.435.976.901,698,520154.072.660.781.120.130.16
            Motor fuel sales00.000.0000.000.000.000.0000.000.000.000.000.000.00
            Alcoholic beverage sales1,17814.050.3500.000.008,139.219,404.14182,27616.530.280.851.210.000.00
            Tobacco product sales00.000.0000.000.000.000.0000.000.000.000.000.000.00
            Public utilities2,23226.630.651,2652.180.0512.1914.09416,12337.750.650.711.010.060.07
            Other selective sales6,72380.211.9710,46218.070.384.445.131,100,12199.791.720.801.150.180.22
        Individual income tax00.000.0000.000.000.000.0000.000.000.000.000.000.00
        Corporate income tax00.000.008,58814.830.320.000.0000.000.000.000.00163,483.35201,741.21
        Motor vehicle license00.000.0000.000.000.000.0000.000.000.000.000.000.00
        Other taxes1,90322.700.56167,740289.656.160.080.09705,68164.011.100.350.514.525.58

      Charges & misc general revenue60,509721.9317.74443,916766.5416.300.941.0916,330,6321,481.3525.530.490.690.520.64
        Current charges44,338528.9913.00402,518695.0614.780.760.8813,763,5311,248.4921.510.420.600.560.69
          Education2,90634.670.853,5586.140.135.646.52492,44644.670.770.781.110.140.17
            Institution of higher education00.000.0000.000.000.000.0000.000.000.000.000.000.00
            School lunch sales (gross)1842.200.051,5292.640.060.830.9636,1353.280.060.670.950.810.99
          Hospitals00.000.0000.000.000.000.007,446,794675.5011.640.000.000.000.00
          Highways70.080.00150,395259.705.520.000.0044,3724.020.070.020.0364.5279.62
          Air transportation (airports)93511.160.277,35812.710.270.881.01490,71144.510.770.250.360.290.35
          Parking facilities00.000.009,54316.480.350.000.0022,1482.010.030.000.008.2010.12
          Sea and inland port facilities00.000.0000.000.000.000.0000.000.000.000.000.000.00
          Natural resources60.070.0000.000.0041.4647.901,2530.110.000.630.900.000.00
          Parks and recreation1,67019.920.491,6102.780.067.178.28156,57514.200.241.402.000.200.24
          Housing and comm development2272.710.077,41912.810.270.210.24110,98810.070.170.270.381.271.57
          Sewerage9,406112.222.76128,685222.214.730.510.582,498,384226.633.910.500.710.981.21
          Solid waste management7,95894.952.332,4394.210.0922.5426.05758,29568.781.191.381.970.060.08
          Other charges21,223253.216.2291,511158.023.361.601.851,741,565157.982.721.602.291.001.23

        Miscellaneous general revenue16,171192.934.7441,39871.491.522.703.122,567,101232.864.010.831.180.310.38
          Interest earnings2,96735.400.878,54814.760.312.402.77404,22336.670.630.971.380.400.50
          Special assessments901.070.03440.080.0014.1316.33134,13512.170.210.090.130.010.01
          Sale of property2,90434.650.851,6362.830.0612.2614.17161,47714.650.252.373.370.190.24
          Other general revenue10,210121.812.9931,17053.821.142.262.611,867,266169.382.920.721.030.320.39

  Utility revenue9,377111.882.75156,116269.585.730.420.484,893,178443.867.650.250.360.610.75
    Water supply3,82045.581.1270,959122.532.610.370.431,919,611174.133.000.260.370.700.87
    Electric power00.000.0085,157147.053.130.000.001,928,737174.963.010.000.000.841.04
    Gas supply5,55766.301.6300.000.0038,395.2544,362.33958,09386.911.500.761.090.000.00
    Transit00.000.0000.000.000.000.0086,7377.870.140.000.000.000.00

  Liquor store revenue00.000.0000.000.000.000.0000.000.000.000.000.000.00

  Insurance trust revenue00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Unemployment compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Employee retirement00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Workers' compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Other insurance trust revenue00.000.0000.000.000.000.0000.000.000.000.000.000.00

Expenditure305,9803,650.62100.002,439,6064,212.65100.000.871.0059,877,2995,431.46100.000.671.000.781.00

  Intergovernmental expenditure00.000.0000.000.000.000.0000.000.000.000.000.000.00
  Direct expenditure305,9803,650.62100.002,439,6064,212.65100.000.871.0059,877,2995,431.46100.000.671.000.781.00
    Current operation271,4363,238.4788.712,138,2813,692.3387.650.881.0151,610,0144,681.5486.190.691.030.791.02
    Capital outlay32,151383.5910.51248,207428.6010.170.891.036,455,130585.5410.780.660.970.730.94
      Construction32,151383.5910.51248,207428.6010.170.891.036,455,130585.5410.780.660.970.730.94
    Assistance and subsidies00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Interest on debt2,39328.550.7853,11891.722.180.310.361,812,155164.383.030.170.260.560.72
    Insurance benefits and repayments00.000.0000.000.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages98,2721,172.4732.12903,3841,559.9437.030.750.8715,271,8021,385.3025.510.851.261.131.45

  Direct expenditure by function305,9803,650.62100.002,439,6064,212.65100.000.871.0059,877,2995,431.46100.000.671.000.781.00
    Direct general expenditure296,4573,537.0096.892,301,2243,973.7094.330.891.0353,108,2594,817.4488.700.731.090.821.06
      Capital outlay32,121383.2310.50235,946407.439.670.941.095,284,523479.368.830.801.190.851.10


Education services:
      Other direct general expenditure264,3363,153.7786.392,065,2783,566.2784.660.881.0247,823,7364,338.0879.870.731.080.821.06
      Education153,8681,835.7850.291,452,4302,508.0259.540.730.8425,391,7702,303.2842.410.801.191.091.40
          Capital outlay8,622102.872.8281,957141.523.360.730.842,232,978202.553.730.510.760.700.90
        Higher education00.000.0000.000.000.000.0000.000.000.000.000.000.00
          Capital outlay00.000.0000.000.000.000.0000.000.000.000.000.000.00
        Elementary & Secondary education153,8681,835.7850.291,452,4302,508.0259.540.730.8425,391,7702,303.2842.410.801.191.091.40
          Capital outlay8,622102.872.8281,957141.523.360.730.842,232,978202.553.730.510.760.700.90
        Other education00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Libraries5907.040.1916,36828.260.670.250.29187,30316.990.310.410.621.662.14


Social services and income maintenance:
      Public welfare470.560.022860.490.011.141.31136,54912.390.230.050.070.040.05
        Other public welfare470.560.022860.490.011.141.31136,54912.390.230.050.070.040.05
      Hospitals1962.340.0600.000.001,354.231,562.736,588,810597.6711.000.000.010.000.00
        Capital outlay00.000.0000.000.000.000.00237,98921.590.400.000.000.000.00
      Health27,989333.939.1519,01832.840.7810.1711.731,232,964111.842.062.994.440.290.38
      Social insurance administration00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Veterans' services00.000.0000.000.000.000.0000.000.000.000.000.000.00

Transportaion:
      Highways17,947214.125.8799,828172.384.091.241.432,011,913182.503.361.171.750.941.22
        Capital outlay11,470136.853.7533,94958.621.392.332.69866,72678.621.451.742.590.750.96
      Air transportation (airports)00.000.006,32610.920.260.000.00488,65044.330.820.000.000.250.32
      Parking facilities00.000.009,90717.110.410.000.007,6460.690.010.000.0024.6731.80
      Sea and inland port facilities00.000.0000.000.000.000.0000.000.000.000.000.000.00

Public safety:
      Police protection19,767235.846.46169,272292.296.940.810.932,827,188256.454.720.921.371.141.47
      Fire protection9,634114.943.1535,51261.321.461.872.161,491,841135.322.490.851.260.450.58
      Correction10,558125.973.4500.000.0072,948.9184,179.88956,80486.791.601.452.160.000.00
        Capital outlay89410.670.2900.000.006,176.967,127.9435,8413.250.063.284.880.000.00
      Protective inspection & regulation6427.660.2117,48330.190.720.250.29100,8699.150.170.841.253.304.25

Environment and housing:
      Natural resources1,04312.440.347,05512.180.291.021.1836,2503.290.063.785.633.704.78
        Capital outlay00.000.005,2669.090.220.000.005730.050.000.000.00174.95225.56
      Parks and recreation9,230110.123.0233,75258.281.381.892.18872,68679.161.461.392.070.740.95
        Capital outlay3,62943.301.199,39316.220.392.673.08266,01724.130.441.792.670.670.87
      Housing and comm development84510.080.2866,800115.352.740.090.10921,58983.601.540.120.181.381.78
      Sewerage5,50165.631.80109,500189.084.490.350.401,514,098137.342.530.480.711.381.78
        Capital outlay200.240.0121,62437.340.890.010.01230,02020.870.380.010.021.792.31
      Solid waste management10,322123.153.3723,44740.490.963.043.51859,44377.961.441.582.350.520.67
        Capital outlay6657.930.222,7214.700.111.691.9511,2411.020.027.7811.584.615.94

Governmental administration:
      Financial administration3,60743.031.1826,07545.031.070.961.10952,16086.371.590.500.740.520.67
      Judicial and legal5,59766.781.837,63813.190.315.065.841,250,552113.442.090.590.880.120.15
      General public buildings1,72220.550.5633,51657.871.370.350.41704,78963.931.180.320.480.911.17
      Other governmental administration3,41740.771.1245,47278.521.860.520.60918,69483.331.530.490.730.941.21
      Interest on general debt2,28327.240.7547,00981.171.930.340.391,032,22293.631.720.290.430.871.12

General expenditures, n.e.c.:
      Misc commercial activities100.120.0000.000.0069.0979.73108,2839.820.180.010.020.000.00
      Other and unallocable11,642138.903.8074,530128.703.061.081.252,515,186228.154.200.610.910.560.73

Utility expenditures:
    Utility expenditure9,523113.623.11138,382238.955.670.480.556,769,040614.0211.300.190.280.390.50
        Capital outlay300.360.0112,26121.170.500.020.021,170,607106.191.960.000.010.200.26
      Water supply4,95259.081.6278,039134.763.200.440.512,297,736208.433.840.280.420.650.83
      Electric power00.000.0060,089103.762.460.000.002,673,060242.474.460.000.000.430.55
      Gas supply4,57154.541.4900.000.0031,582.6336,444.99920,07983.461.540.650.970.000.00
      Transit00.000.002540.440.010.000.00878,16579.661.470.000.000.010.01

Liquor store expenditures:
    Liquor store expenditure00.000.0000.000.000.000.0000.000.000.000.000.000.00

Insurance trust expenditures:
    Insurance trust expenditure00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Unemployment compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Employee retirement00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Workers' compensation00.000.0000.000.000.000.0000.000.000.000.000.000.00
      Other insurance trust00.000.0000.000.000.000.0000.000.000.000.000.000.00

Debt outstanding47,643568.42100.002,103,8653,632.90100.000.161.0046,847,2834,249.51100.000.131.000.851.00

  Short-term debt outstanding590.700.1216,35928.250.780.020.16956,96386.812.040.010.060.330.38
  Long-term debt outstanding47,584567.7299.882,087,5063,604.6599.220.161.0145,890,3204,162.7097.960.141.020.871.01

Long-term debt issued887NANA445,479NANANANA7,728,049NANANANANANA
Long-term debt retired15,748NANA282,895NANANANA5,086,145NANANANANANA


Sources: STI: PopStats and STI: Colossus