Florida

2015 Data (Released 06/23/2016)

Financial State of Florida

Financial State of Jacksonville

Financial State of Miami

 
Florida owes more than it owns
At -$1,100, Florida's “Taxpayer's Burden” ranks 12th out of the 50 states
Florida 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
Florida has only $59.4 billion of assets available to pay bills totaling $65.9 billion
To fill the $6.5 billion financial hole each Florida taxpayer would have to send $1,100 to the state
Because of a new accounting rule, Florida 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 $4.2 billion in 2015. However, the state is still hiding $2 billion of pension debt from taxpayers.
The state's financial report was released 241 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Florida

2013 Financial State of Florida

Other Resources

Florida Comprehensive Annual Financial Reports

Publishing Entity: Division of Accounting and Auditing

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