North Dakota

2015 Data (Released 05/03/2016)

Financial State of North Dakota

Press Release

 
North Dakota owns more than it owes
At $28,400, North Dakota's “Taxpayer's Surplus” ranks 2nd out of the 50 states
North Dakota is among 10 “Sunshine States” with enough assets to cover its debt
Elected officials have created a Taxpayer Surplus, which is each taxpayer's share of money available after state bills have been paid
TIA's Taxpayer Surplus measurement incorporates both assets and liabilities, not just pension debt
North Dakota has $14.1 billion of assets available to pay the state's bills totaling $5.9 billion
North Dakota has $8.2 billion available after bills have been paid: $28,400 per taxpayer
Because of a new accounting rule, North Dakota 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 $332.4 million in 2015. However, the state is still hiding $31.7 million of pension debt from taxpayers.
The state's financial report was released 169 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 Dakota

2013 Financial State of North Dakota

Other Resources

North Dakota Comprehensive Annual Financial Reports

Publishing Entity: Office of Management and Budget

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