Louisiana

2015 Data (Released 09/19/2016)

Financial State of Louisiana

Financial State of New Orleans

 
Louisiana owes more than it owns
At -$17,400, Louisiana's “Taxpayer's Burden” ranks 40th out of the 50 states
Louisiana 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
Louisiana has only $13.4 billion of assets available to pay bills totaling $35.7 billion
To fill the $22.3 billion financial hole each Louisiana taxpayer would have to send $17,400 to the state
Because of a new accounting rule, Louisiana now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $258.3 million in 2014 to $8.8 billion in 2015. However, the state is still hiding $820.4 million of pension debt from taxpayers.
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Louisiana

2013 Financial State of Louisiana

Other Resources

Louisiana Comprehensive Annual Financial Reports

Publishing Entity: Division of Administration

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