2014 Data (Released 03/10/2015)

Financial State of Kentucky

Press Release

Kentucky owes more than it owns
At -$32,600, Kentucky's “Taxpayer's Burden” ranks 47th out of the 50 states
Kentucky is among 39 “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
Kentucky has only $13.1 billion of assets available to pay bills totaling $53.2 billion
To fill the $40.1 billion financial hole each Kentucky taxpayer would have to send $32,600 to the state
The state's financial report was released 168 days after its fiscal year end, which is considered timely according to the 180 day goal

Prior Years' TIA Data

2013 Financial State of Kentucky

Other Resources

Kentucky Comprehensive Annual Financial Report

Kentucky Finance and Administration Cabinet


Medicaid drives biggest state spending boost in decades

NOVEMBER 20, 2015 | GOVERNING | by Liz Farmer

States increased their spending in fiscal year 2015 by the biggest margin in more than 20 years, but most of the increase was thanks to huge leaps in Medicaid spending under the first full year of the Affordable Care Act (ACA).