Delaware

2015 Data (Released 06/14/2016)

Financial State of Delaware

 
Delaware owes more than it owns
At -$19,700, Delaware's “Taxpayer's Burden” ranks 42nd out of the 50 states
Delaware 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
Delaware has only $3 billion of assets available to pay bills totaling $9.2 billion
To fill the $6.2 billion financial hole each Delaware taxpayer would have to send $19,700 to the state
Because of a new accounting rule, Delaware now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $116.8 million in 2014 to $739.8 million in 2015. However, the state is still hiding $333.4 million of pension debt from taxpayers.
The state's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Delaware

2013 Financial State of Delaware

Other Resources

Delaware Comprehensive Annual Financial Reports

Publishing Entity: State of Delaware - Division of Accounting

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