Ohio

2015 Data (Released 09/19/2016)

Financial State of Ohio

Financial State of Columbus

 
Ohio owes more than it owns
At -$5,000, Ohio's “Taxpayer's Burden” ranks 25th out of the 50 states
Ohio 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
Ohio has only $48.2 billion of assets available to pay bills totaling $67.3 billion
To fill the $19.1 billion financial hole each Ohio taxpayer would have to send $5,000 to the state
Because of a new accounting rule, Ohio now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $28.2 million in 2014 to $5 billion in 2015. However, the state is still hiding $3.5 billion of pension debt from taxpayers.
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Ohio

2013 Financial State of Ohio

Other Resources

Ohio Comprehensive Annual Financial Reports

Publishing Entity: Office of Budget and Management

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