New York : State Data and Comparisons : Data-Z

TIA Data

2019 Financial State of New York (Released 9/22/2020)

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New York owes more than it owns.

New York's Taxpayer Burden™ is -$17,200, and it received a "D" from TIA.

New York 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.

New York only has $142.5 billion of assets available to pay bills totaling $260.7 billion.

Because New York doesn't have enough money to pay its bills, it has a $118.2 billion financial hole. To fill it, each New York taxpayer would have to send $17,200 to the state.

New York's reported net position is understated by $652 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 154 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of New York

2017 Financial State of New York

2016 Financial State of New York

2015 Financial State of New York

2014 Financial State of New York

2013 Financial State of New York

2012 Financial State of New York

2011 Financial State of New York

2010 Financial State of New York

2009 Financial State of New York