Montana

TIA Data

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

 
Montana owes more than it owns
Montana's Taxpayer Burden™ is -$2,700, and received a "C" from TIA
Montana 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 available assets have been tapped
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt
Montana only has $5 billion of assets available to pay bills totaling $6 billion
Because Montana doesn't have enough money to pay its bills, it has a $942.6 million financial hole. To fill it, each Montana taxpayer would have to send $2,700 to the state
Because of an accounting rule implemented last year, Montana has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $1.6 billion in 2015 to $1.7 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Montana's total hidden debt amounts to $570.2 million. 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 214 days after its fiscal year end, which is considered untimely according to the 180 day standard
 

Prior Years' TIA Data

2015 Financial State of Montana

2014 Financial State of Montana

2013 Financial State of Montana

Other Resources

Montana Comprehensive Annual Financial Reports

Publishing Entity: State Financial Services Division

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