Vermont

2015 Data (Released 09/19/2016)

Financial State of Vermont

 
Vermont owes more than it owns
At -$17,200, Vermont's “Taxpayer's Burden” ranks 39th out of the 50 states
Vermont 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
Vermont has only $3.8 billion of assets available to pay bills totaling $7.7 billion
To fill the $3.9 billion financial hole each Vermont taxpayer would have to send $17,200 to the state
Because of a new accounting rule, Vermont now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $198.2 million in 2014 to $1.3 billion in 2015. However, the state is still hiding $421.5 million of pension debt from taxpayers.
The state's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of Vermont

2013 Financial State of Vermont

Other Resources

Vermont Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance & Management

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