North Carolina

2015 Data (Released 09/19/2016)

Financial State of North Carolina

Financial State of Charlotte

Financial State of Raleigh

 
North Carolina owes more than it owns
At -$7,700, North Carolina's “Taxpayer's Burden” ranks 29th out of the 50 states
North Carolina 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
North Carolina has only $26.9 billion of assets available to pay bills totaling $48.5 billion
To fill the $21.7 billion financial hole each North Carolina taxpayer would have to send $7,700 to the state
Because of a new accounting rule, North Carolina 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 $693.7 million in 2015. However, the state is still hiding $1 billion of pension debt from taxpayers.
The state's financial report was released 156 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of North Carolina

2013 Financial State of North Carolina

Other Resources

North Carolina Comprehensive Annual Financial Reports

Publishing Entity: Office of the State Controller

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