Oregon

TIA Data

2016 Financial State of Oregon (Released 5/15/2017)

2015 Financial State of Portland (Released 1/11/2017)

 
Oregon owes more than it owns and ranks the 10th out of the 50 states.
Oregon's Taxpayer Burden™ is -$300, and received a "C" from TIA.
Oregon is a Sinkhole State 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 available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Oregon only has $19.6 billion of assets available to pay bills totaling $20.1 billion.
Because Oregon doesn't have enough money to pay its bills, it has a $424.2 million financial hole. To fill it, each Oregon taxpayer would have to send $300 to the state.
Because of an accounting rule implemented last year, Oregon has to report its pension debt on its balance sheet. The state reported a net pension asset of $626.6 million in 2015, but reported a net pension liability of $1.7 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Oregon's total hidden debt amounts to $2.6 billion. 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 176 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Oregon

2014 Financial State of Oregon

2013 Financial State of Oregon

Other Resources

Oregon Comprehensive Annual Financial Reports

Publishing Entity: Department of Administrative Services

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