Iowa

TIA Data

2016 Financial State of Iowa (Released 5/15/2017)

 
Iowa owns more than it owes and ranks the 9th out of the 50 states.
Iowa's Taxpayer Surplus™ is $500, and received a "B" from TIA.
Iowa 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.
Iowa has $8.4 billion of assets available to pay the state's bills totaling $7.8 billion.
Iowa has $528.6 million available after bills have been paid, which breaks down to $500 per taxpayer.
Because of an accounting rule implemented last year, Iowa has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $833.9 million in 2015 to $1.1 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding $344.6 million of retiree health care debt. 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 167 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Iowa

2014 Financial State of Iowa

2013 Financial State of Iowa

Other Resources

Iowa Comprehensive Annual Financial Reports

Publishing Entity: Iowa Department of Administrative Services

IN THE NEWS
IPERS pension liabilities rise to nearly $7 billion

DECEMBER 8, 2017 | DES MOINES REGISTER | by William Petroski

The unfunded liability of Iowa's largest public employees' pension fund has increased to almost $7 billion amid recent actuarial changes that reflect lowered expectations for future investment gains, according to a report issued Thursday. 

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