Rhode Island : State Data and Comparisons : Data-Z

TIA Data

2019 Financial State of Rhode Island (Released 9/22/2020)

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Rhode Island owes more than it owns.

Rhode Island's Taxpayer Burden™ is -$14,700, and it received a "D" from TIA.

Rhode Island 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.

Rhode Island only has $5.4 billion of assets available to pay bills totaling $11.2 billion.

Because Rhode Island doesn't have enough money to pay its bills, it has a $5.8 billion financial hole. To fill it, each Rhode Island taxpayer would have to send $14,700 to the state.

Rhode Island's reported net position is overstated by $722.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 184 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Rhode Island

2017 Financial State of Rhode Island

2016 Financial State of Rhode Island

2015 Financial State of Rhode Island

2014 Financial State of Rhode Island

2013 Financial State of Rhode Island

2012 Financial State of Rhode Island

2011 Financial State of Rhode Island

2010 Financial State of Rhode Island

2009 Financial State of Rhode Island