Kansas

2015 Data (Released 09/19/2016)

Financial State of Kansas

Financial State of Wichita

 
Kansas owes more than it owns
At -$6,500, Kansas's “Taxpayer's Burden” ranks 27th out of the 50 states
Kansas 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
Kansas has only $4 billion of assets available to pay bills totaling $9.9 billion
To fill the $5.9 billion financial hole each Kansas taxpayer would have to send $6,500 to the state
Because of a new accounting rule, Kansas 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 $2 billion in 2015. However, the state is still hiding $4.5 billion of pension debt from taxpayers.
The state's financial report was released 163 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Kansas

2013 Financial State of Kansas

Other Resources

Kansas Comprehensive Annual Financial Reports

Publishing Entity: Kansas Department of Administration

IN THE NEWS
VIEW LESS