Kentucky

2015 Data (Released 4/26/2016)

Financial State of Kentucky

Press Release

 
Kentucky owes more than it owns
Kentucky has a -$33,700 “Taxpayer Burden”
Kentucky is a “Sinkhole State” 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
Kentucky has only $12.3 billion of assets available to pay bills totaling $53.8 billion
To fill the $41.5 billion financial hole each Kentucky taxpayer would have to send $33,700 to the state
The state's financial report was released 164 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Kentucky

2013 Financial State of Kentucky

 

Other Resources

Kentucky Comprehensive Annual Financial Reports

Publishing Entity: Kentucky Finance & Administration Cabinet

IN THE NEWS
Big endowments and underwhelming returns at Kentucky universities

MAY 26, 2016 | KENTUCKY CENTER FOR INVESTIGATIVE REPORTING

"… The Kentucky Center for Investigative Reporting examined five years’ worth of investment returns of 11 collegiate endowments across the state. The chief takeaway? Bigger is definitely not better…”

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