TIA Data

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

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Kansas owes more than it owns.
Kansas' Taxpayer Burden™ is -$6,200, and it received a "D" 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 $4.9 billion of assets available to pay bills totaling $10.8 billion.
Because Kansas doesn't have enough money to pay its bills, it has a $5.9 billion financial hole. To fill it, each Kansas taxpayer would have to send $6,200 to the state.
Kansas's reported net position is overstated by $194.4 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 145 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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

2011 Financial State of Kansas

2010 Financial State of Kansas

2009 Financial State of Kansas

City and Other Municipal Reports

Financial State of Wichita

Other Resources

Kansas Comprehensive Annual Financial Reports

Publishing Entity: Office of the Chief Financial Officer

IN THE NEWS
Should Kansas’ experience with tax reform stop efforts for lower taxes in Iowa?

FEBRUARY 15, 2021 | DES MOINES REGISTER | by John Hendrickson, Jonathan Williams

Op-ed by John Hendrickson and Jonathan Williams, includes “… The Kansas tax reform, and innuendo surrounding it, has created a paralysis among some policymakers who fear that cutting tax rates will lead to budget shortfalls. However, a careful analysis of the Kansas tax reform story should reassure legislators pursuing tax rate reductions across the nation, since it was unsustainable spending growth that was the real driver of budget problems in Kansas.” 

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