Nevada : State Data and Comparisons : Data-Z

TIA Data

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

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Nevada owes more than it owns.

Nevada's Taxpayer Burden™ is -$2,600, and it received a "C" from TIA.

Nevada 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.

Nevada only has $5.8 billion of assets available to pay bills totaling $8.5 billion.

Because Nevada doesn't have enough money to pay its bills, it has a $2.7 billion financial hole. To fill it, each Nevada taxpayer would have to send $2,600 to the state.

Nevada's reported net position is overstated by $298.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 215 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Nevada

2017 Financial State of Nevada

2016 Financial State of Nevada

2015 Financial State of Nevada

2014 Financial State of Nevada

2013 Financial State of Nevada

2012 Financial State of Nevada

2011 Financial State of Nevada

2010 Financial State of Nevada

2009 Financial State of Nevada