Montana

2015 Data (Released 09/19/2016)

Financial State of Montana

 
Montana owes more than it owns
At -$1,500, Montana's “Taxpayer's Burden” ranks 14th out of the 50 states
Montana 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
Montana has only $5.2 billion of assets available to pay bills totaling $5.7 billion
To fill the $485.2 million financial hole each Montana taxpayer would have to send $1,500 to the state
Because of a new accounting rule, Montana 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 $1.6 billion in 2015. However, the state is still hiding $337.1 million of pension debt from taxpayers.
The state's financial report was released 244 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Montana

2013 Financial State of Montana

Other Resources

Montana Comprehensive Annual Financial Reports

Publishing Entity: Department of Administration

IN THE NEWS
Voices of Montana

APRIL 26, 2016 | VOM RADIO

Interview of Tom McKinney, former US Army Auditor, and Bill Bergman, Truth in Accounting, re: financial status of federal government retirement programs.

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