Wisconsin

TIA Data

2016 Financial State of Wisconsin (Released 6/15/2017)

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

 
Wisconsin owes more than it owns and ranks the 22nd out of the 50 states.
Wisconsin's Taxpayer Burden™ is -$4,300, and received a "C" from TIA.
Wisconsin 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.
Wisconsin only has $11.3 billion of assets available to pay bills totaling $20 billion.
Because Wisconsin doesn't have enough money to pay its bills, it has a $8.7 billion financial hole. To fill it, each Wisconsin taxpayer would have to send $4,300 to the state.
Because of an accounting rule implemented last year, Wisconsin has to report its pension debt on its balance sheet. The state reported a net pension asset of $765.9 million in 2015, but reported a net pension liability of $455.5 million in 2016.
Despite reporting most of its pension debt, the state is still hiding $421.9 million of retiree health care debt. 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 273 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Wisconsin

2014 Financial State of Wisconsin

2013 Financial State of Wisconsin

Other Resources

Wisconsin Comprehensive Annual Financial Reports

Publishing Entity: Wisconsin Department of Administration

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