2015 Data (Released 06/14/2016)

Financial State of California

Financial State of Los Angeles

Financial State of San Diego

Financial State of San Jose

California owes more than it owns
At -$20,900, California's “Taxpayer's Burden” ranks 44th out of the 50 states
California 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
California has only $96.1 billion of assets available to pay bills totaling $335.4 billion
To fill the $239.3 billion financial hole each California taxpayer would have to send $20,900 to the state
Because of a new accounting rule, California now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $11 billion in 2014 to $74.5 billion in 2015. However, the state is still hiding $4.4 billion of pension debt from taxpayers.
The state's financial report was released 262 days after its fiscal year end, which is considered untimely according to the 180 day goal

Prior Years' TIA Data

2014 Financial State of California

2013 Financial State of California

Other Resources

California Comprehensive Annual Financial Reports

Publishing Entity: California State Controller's Office