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
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. This year, the state's reported pension debt grew from -$626.6 million in 2015 to $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

IN THE NEWS
PERS risk-sharing proposal

JUNE 9, 2017 | SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 503 (OREGON)

The rising PERS costs are largely attributable to the Wall Street crash of 2008, which has resulted in lower investment returns, and to retirees living longer than expected.

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