This article presents the state education finance and governance profile of Georgia. States develop educational funding formulas to determine the total amount of funds needed for each student and to establish the state's share of those costs. Although the large majority of states use the common base or foundation formula (25 states and D.C.) or the modified foundation formula (12 states), Georgia instead uses a funding formula based on teacher allocation. Georgia is one of seven states in which K-12 formula allocates funding for education staff--teachers, administrators and support staff--as well as other costs to districts based on total student enrollment. Because of smaller class sizes in the earliest grades, funding for teachers varies depending on grade levels. Administrator positions are also funded according to enrollment. Georgia follows the second model of Common Governance in K-12 education: The governor appoints the state board of education, and citizens elect the chief state school officer. The state's public school system is governed by the Georgia Department of Education and spearheaded by a state superintendent, elected by the public, and a Board of Education, appointed by the state governor. The State Board of Education is made up of 13 individuals, each representing a Congressional district. Both Houses of the Georgia General Assembly maintain education committees. The Georgia Department of Education is responsible for a broad array of school-related matters, including curriculum, textbook adoption, assessment, safety, health and nutrition, and busing. Georgia's public higher education system is governed by the Board of Regents. The governor appoints members to the Board, who each serve 7-year terms. Today the Board of Regents is composed of 18 members, 5 of whom are appointed from the state-at-large, and 1 from each of the 13 congressional districts. The Board elects a chancellor, who serves as its chief executive officer and the chief administrative officer of the University System. The Board oversees 35 colleges and universities. (Contains 1 table and 1 figure.)