TIA Data

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

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

 
Kentucky owes more than it owns.
Kentucky's Taxpayer Burden™ is -$24,700, 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 $11.7 billion of assets available to pay bills totaling $44.4 billion.
Because Kentucky doesn't have enough money to pay its bills, it has a $32.7 billion financial hole. To fill it, each Kentucky taxpayer would have to send $24,700 to the state.
Kentucky's reported net position is understated by $7.7 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 165 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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

2011 Financial State of Kentucky

2010 Financial State of Kentucky

2009 Financial State of Kentucky

City and Other Municipal Reports

Financial State of Lexington

Financial State of Louisville

Other Resources

Kentucky Comprehensive Annual Financial Reports

Publishing Entity: Kentucky Finance & Administration Cabinet

IN THE NEWS
Kentucky lawmakers pass pension bill aimed at new teachers

MARCH 17, 2021 | US NEWS & WORLD REPORT | by Bruce Schreiner

By Bruce Schreiner (AP), includes “Supporters said the measure would relieve some pressure on the state’s troubled public pension plan for teachers without solving its massive unfunded liability. Opponents said the pension changes would become a deterrent in recruiting people into teaching.”

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