Arizona

2015 Data (Released 09/19/2016)

Financial State of Arizona

Financial State of Mesa

Financial State of Phoenix

Financial State of Tucson

 
Arizona owes more than it owns
At -$3,200, Arizona's “Taxpayer's Burden” ranks 19th out of the 50 states
Arizona is among 40 “Sinkhole States” 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 assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Arizona has only $9.3 billion of assets available to pay bills totaling $15.4 billion
To fill the $6 billion financial hole each Arizona taxpayer would have to send $3,200 to the state
Because of a new accounting rule, Arizona now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to $4.9 billion in 2015. However, the state is still hiding $50.5 million of pension debt from taxpayers.
The state's financial report was released 342 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Arizona

2013 Financial State of Arizona

Other Resources

Arizona Comprehensive Annual Financial Reports

Publishing Entity: General Accounting Office

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