New Hampshire

TIA Data

2016 Financial State of New Hampshire (Released 5/15/2017)

 
New Hampshire owes more than it owns
New Hampshire's Taxpayer Burden™ is -$5,900, and received a "D" from TIA
New Hampshire 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
New Hampshire only has $2.1 billion of assets available to pay bills totaling $5.2 billion
Because New Hampshire doesn't have enough money to pay its bills, it has a $3.1 billion financial hole. To fill it, each New Hampshire taxpayer would have to send $5,900 to the state
Because of an accounting rule implemented last year, New Hampshire has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $834.3 million in 2015 to $898.7 million in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. New Hampshire's total hidden debt amounts to $1.6 billion. 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 215 days after its fiscal year end, which is considered untimely according to the 180 day standard
 

Prior Years' TIA Data

2015 Financial State of New Hampshire

2014 Financial State of New Hampshire

2013 Financial State of New Hampshire

Other Resources

New Hampshire Comprehensive Annual Financial Reports

Publishing Entity: Division of Accounting Services

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