TIA Data

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

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

Vermont owes more than it owns.
Vermont's Taxpayer Burden™ is -$18,900, and it received a "D" from TIA.
Vermont 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.
Vermont only has $4 billion of assets available to pay bills totaling $8.5 billion.
Because Vermont doesn't have enough money to pay its bills, it has a $4.5 billion financial hole. To fill it, each Vermont taxpayer would have to send $18,900 to the state.
Vermont's reported net position is overstated by $269.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 172 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Vermont

2017 Financial State of Vermont

2016 Financial State of Vermont

2015 Financial State of Vermont

2014 Financial State of Vermont

2013 Financial State of Vermont

2012 Financial State of Vermont

2011 Financial State of Vermont

2010 Financial State of Vermont

2009 Financial State of Vermont

Other Resources

Vermont Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance & Management

State should issue bonds to finance teachers’ retirement

APRIL 8, 2021 | VTDIGGER (VERMONT) | by Stephen Walke

Op-ed by Stephen Walke, includes “The state of Vermont should honor its obligation to fully fund its teachers’ retirement system. It is simply not fair to place the burden on our educators. … Whether the approximately $1.5 billion owed appears on the state’s balance sheet as obligations backed by the full faith and credit of the state — that is, bonds — or as a pension fund liability, the state’s fiscal position is the same.” hmm