On May 15, Truth in Accounting released its findings on the finances of nine additional states as part of its lead-up to the 2017 Financial State of the States report.
States included in TIA’s second early release are Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.
Following is a list with links to the individual state reports as well as some of the main findings.
Alaska
- Grade: A
- Money available to pay future bills: $16.3 billion
- Unfunded pension benefits: $4.5 billion
- Unfunded retiree health care benefits: $589.3 million
- Taxpayer Surplus: $56,500
Connecticut
- Grade: F
- Money needed to pay future bills: $69.8 billion
- Unfunded pension benefits: $34.8 billion
- Unfunded retiree health care benefits: $20.9 billion
- Taxpayer Burden: -$53,400
Delaware
- Grade: F
- Money needed to pay future bills: $10 billion
- Unfunded pension benefits: $1.9 billion
- Unfunded retiree health care benefits: $8.4 billion
- Taxpayer Burden: -$30,400
Iowa
- Grade: B
- Money needed to pay future bills: $504.9 million
- Unfunded pension benefits: $1.3 billion
- Unfunded retiree health care benefits: $388.2 million
- Taxpayer Surplus: $500
Illinois
- Grade: F
- Money needed to pay future bills: $216.1 billion
- Unfunded pension benefits: $134.4 billion
- Unfunded retiree health care benefits: $52.5 billion
- Taxpayer Burden: -$50,800
North Dakota
- Grade: A
- Money needed to pay future bills: $7.1 billion
- Unfunded pension benefits: $865.4 million
- Unfunded retiree health care benefits: $51.6 million
- Taxpayer Surplus: $24,900
Utah
- Grade: B
- Money needed to pay future bills: $3.9 billion
- Unfunded pension benefits: $1.4 billion
- Unfunded retiree health care benefits: $111.9 million
- Taxpayer Surplus: $4,400
Washington
- Grade: D
- Money needed to pay future bills: $24.1 billion
- Unfunded pension benefits: $23.6 billion
- Unfunded retiree health care benefits: $10.5 billion
- Taxpayer Burden: -$9,100
West Virginia
- Grade: D
- Money needed to pay future bills: $4.9 billion
- Unfunded pension benefits: $3.6 billion
- Unfunded retiree health care benefits: $2 billion
- Taxpayer Burden: -$9,500