Oklahoma

2015 Data (Released 09/19/2016)

Financial State of Oklahoma

Financial State of Oklahoma City

Financial State of Tulsa

 
Oklahoma owes more than it owns
At -$2,800, Oklahoma's “Taxpayer's Burden” ranks 18th out of the 50 states
Oklahoma 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
Oklahoma has only $12.1 billion of assets available to pay bills totaling $15.2 billion
To fill the $3.1 billion financial hole each Oklahoma taxpayer would have to send $2,800 to the state
Because of a new accounting rule, Oklahoma now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $107.4 million in 2014 to $1.6 billion in 2015. However, the state is still hiding $5.5 billion of pension debt from taxpayers.
The state's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Oklahoma

2013 Financial State of Oklahoma

Other Resources

Oklahoma Comprehensive Annual Financial Reports

Publishing Entity: Office of Management and Enterprise Services (OMES)

IN THE NEWS
State faces deep budget challenges

FEBRUARY 2, 2016 | ENIDNEWS.COM (OKLAHOMA)

"House Democratic leader Rep. Scott Inman said he believes next year’s state budget will be the most devastating for core state services in more than a generation.”

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