Alaska

TIA Data

2016 Financial State of Alaska (Released 6/15/2017)

 
Alaska owns more than it owes and ranks 1st out of the 50 states.
Alaska's Taxpayer Surplus™ is $38,200, and received a "A" from TIA.
Alaska is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
Alaska has $29.4 billion of assets available to pay the state's bills totaling $18.5 billion.
Alaska has $11 billion available after bills have been paid, which breaks down to $38,200 per taxpayer.
Because of an accounting rule implemented last year, Alaska has to report its pension debt on its balance sheet. This year, the state's reported pension debt fell from $6.3 billion in 2015 to $4.5 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding all of its retiree health care debt, which amounts to $4.8 billion. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 330 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Alaska

2014 Financial State of Alaska

2013 Financial State of Alaska

Other Resources

Alaska Comprehensive Annual Financial Reports

Publishing Entity: Department of Administration

IN THE NEWS
Is Alaska on the path to an Illinois-type crisis?

MAY 26, 2017 | THE BOND BUYER

Alaska is fast approaching the point where it needs to resolve its massive budget deficit, though analysts still believe it the state has a long ways to go before becoming the Illinois of the north. 

VIEW LESS