Kansas : State Data and Comparisons : Data-Z

Kansas

TIA Data

2022 Financial State of Kansas (Released 10/11/2023)

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Kansas owes more than it owns.

Kansas' Taxpayer Burden™ is -$4,300, and it received a "C" from TIA.

Kansas 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.

Kansas only has $9.5 billion of assets available to pay bills totaling $13.6 billion.

Because Kansas doesn't have enough money to pay its bills, it has a -$4.1 billion financial hole. To fill it, each Kansas taxpayer would have to send -$4,300 to the state.

Kansas's reported net position is overstated by $7 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 153 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Kansas

2020 Financial State of Kansas

2019 Financial State of Kansas

2018 Financial State of Kansas

2017 Financial State of Kansas

2016 Financial State of Kansas

2015 Financial State of Kansas

2014 Financial State of Kansas

2013 Financial State of Kansas

2012 Financial State of Kansas