Truth in Accounting has released its findings on the finances of nine additional states as part of our lead-up to the 2017 Financial State of the States report.
States included in TIA’s third early release are Arkansas, California, Colorado, Florida, Georgia, Massachusetts, North Carolina, New Jersey and South Carolina. The analyses are based on the states' respective comprehensive annual financial report for the 2017 fiscal year.
Following is a list with links to the individual state reports as well as some of the main findings.
- Grade: C
- Money needed to pay future bills: $2.9 billion
- Unfunded pension benefits: $3 billion
- Unfunded retiree health care benefits: $2.3 billion
- Taxpayer Burden: -$3,600
- Grade: F
- Money needed to pay future bills: $269.9 billion
- Unfunded pension benefits: $102.5 billion
- Unfunded retiree health care benefits: $107 billion
- Taxpayer Burden: -$22,000
- Grade: D
- Money needed to pay future bills: $19.3 billion
- Unfunded pension benefits: $18.3 billion
- Unfunded retiree health care benefits: $1.1 billion
- Taxpayer Burden: -$9,800
- Grade: C
- Money needed to pay future bills: $11.6 billion
- Unfunded pension benefits: $10.9 billion
- Unfunded retiree health care benefits: $9.3 billion
- Taxpayer Burden: -$1,800
- Grade: C
- Money needed to pay future bills: $11.1 billion
- Unfunded pension benefits: $7.4 billion
- Unfunded retiree health care benefits: $7.6 billion
- Taxpayer Burden: -$3,900
- Grade: F
- Money needed to pay future bills: $86.9 billion
- Unfunded pension benefits: $39.2 billion
- Unfunded retiree health care benefits: $22.2 billion
- Taxpayer Burden: -$33,500
- Grade: D
- Money needed to pay future bills: $24.3 billion
- Unfunded pension benefits: $3.8 billion
- Unfunded retiree health care benefits: $32.8 billion
- Taxpayer Burden: -$8,100
- Grade: F
- Money needed to pay future bills: $195.5 billion
- Unfunded pension benefits: $103.5 billion
- Unfunded retiree health care benefits: $72 billion
- Taxpayer Burden: -$61,400
- Grade: D
- Money needed to pay future bills: $26.2 billion
- Unfunded pension benefits: $14.1 billion
- Unfunded retiree health care benefits: $13.8 billion
- Taxpayer Burden: -$18,100