North Dakota

TIA Data

2016 Financial State of North Dakota (Released 6/15/2017)

 
North Dakota owns more than it owes and ranks the 2nd out of the 50 states.
North Dakota's Taxpayer Surplus™ is $24,000, and received a "A" from TIA.
North Dakota is a Sunshine State 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 $14.3 billion of assets available to pay the state's bills totaling $7.2 billion.
North Dakota has $7.1 billion available after bills have been paid, which breaks down to $24,000 per taxpayer.
Because of an accounting rule implemented last year, North Dakota has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $332.4 million in 2015 to $388.4 million in 2016.
Despite reporting most of its pension debt, the state is still hiding $52.7 million of retiree health care debt. 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 168 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of North Dakota

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

IN THE NEWS
The hidden $700 billion debt owed to public workers

SEPTEMBER 21, 2017 | REASON | by Eric Boehm

States collectively owe more than $1 trillion in pension benefits to current public workers and retirees, but that oft-cited figure does not include the cost of other retirement benefits for government workers and public school employees.

VIEW LESS