Kentucky : State Data and Comparisons : Data-Z

Kentucky

TIA Data

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

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Kentucky owes more than it owns.

Kentucky's Taxpayer Burden™ is -$20,700, and it received an "F" from TIA.

Kentucky 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.

Kentucky only has $21 billion of assets available to pay bills totaling $48.1 billion.

Because Kentucky doesn't have enough money to pay its bills, it has a -$27.1 billion financial hole. To fill it, each Kentucky taxpayer would have to send -$20,700 to the state.

Kentucky's reported net position is understated by $364 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 209 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Kentucky

2020 Financial State of Kentucky

2019 Financial State of Kentucky

2018 Financial State of Kentucky

2017 Financial State of Kentucky

2016 Financial State of Kentucky

2015 Financial State of Kentucky

2014 Financial State of Kentucky

2013 Financial State of Kentucky

2012 Financial State of Kentucky