Arkansas : State Data and Comparisons : Data-Z

TIA Data

2019 Financial State of Arkansas (Released 9/22/2020)

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Arkansas owes more than it owns.

Arkansas' Taxpayer Burden™ is -$1,700, and it received a "C" from TIA.

Arkansas is a Sinkhole State without enough assets to cover its debt.

Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.

TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.

Arkansas only has $7.3 billion of assets available to pay bills totaling $8.7 billion.

Because Arkansas doesn't have enough money to pay its bills, it has a $1.4 billion financial hole. To fill it, each Arkansas taxpayer would have to send $1,700 to the state.

Arkansas's reported net position is inflated by $105.6 million, largely because the state defers recognizing losses incurred when the net pension liability increases.

The state's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Arkansas

2017 Financial State of Arkansas

2016 Financial State of Arkansas

2015 Financial State of Arkansas

2014 Financial State of Arkansas

2013 Financial State of Arkansas

2012 Financial State of Arkansas

2011 Financial State of Arkansas

2010 Financial State of Arkansas

2009 Financial State of Arkansas