Arkansas

TIA Data

2017 Financial State of Arkansas (Released 5/15/2018)

 
Arkansas owes more than it owns.
Arkansas has a -$3,600 Taxpayer Burden.™
Arkansas 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.
Arkansas only has $6.6 billion of assets available to pay bills totaling $9.5 billion.
Because Arkansas doesn't have enough money to pay its bills, it has a $2.9 billion financial hole. To fill it, each Arkansas taxpayer would have to send $3,600 to the state.
Arkansas has delayed the recognition of changes in its pension liability. As a result of this and other deferrals, the state's overall net position is inflated by $1.5 billion.
Despite reporting all of its pension debt, the state is still hiding $877.1 million of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require states to report this debt on the balance sheet.
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Arkansas

2015 Financial State of Arkansas

2014 Financial State of Arkansas

2013 Financial State of Arkansas

Other Resources

Arkansas Comprehensive Annual Financial Reports

Publishing Entity: Arkansas Department of Finance and Administration

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