Massachusetts : State Data and Comparisons : Data-Z

Massachusetts

TIA Data

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

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Massachusetts owes more than it owns.

Massachusetts' Taxpayer Burden™ is -$26,700, and it received an "F" from TIA.

Massachusetts 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.

Massachusetts only has $51.1 billion of assets available to pay bills totaling $124.3 billion.

Because Massachusetts doesn't have enough money to pay its bills, it has a -$73.2 billion financial hole. To fill it, each Massachusetts taxpayer would have to send -$26,700 to the state.

Massachusetts's reported net position is understated by $7.2 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 335 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Massachusetts

2020 Financial State of Massachusetts

2019 Financial State of Massachusetts

2018 Financial State of Massachusetts

2017 Financial State of Massachusetts

2016 Financial State of Massachusetts

2015 Financial State of Massachusetts

2014 Financial State of Massachusetts

2013 Financial State of Massachusetts

2012 Financial State of Massachusetts