Massachusetts

TIA Data

2018 Financial State of Massachusetts (Released 9/24/2019)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Massachusetts owes more than it owns.
Massachusetts' Taxpayer Burden™ is -$31,200, and it received an "F" from TIA.
Massachusetts 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.
Massachusetts only has $23.1 billion of assets available to pay bills totaling $105.1 billion.
Because Massachusetts doesn't have enough money to pay its bills, it has a $82 billion financial hole. To fill it, each Massachusetts taxpayer would have to send $31,200 to the state.
Massachusetts's reported net position is inflated by $5.1 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 202 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Massachusetts

2016 Financial State of Massachusetts

2015 Financial State of Massachusetts

2014 Financial State of Massachusetts

2013 Financial State of Massachusetts

2012 Financial State of Massachusetts

2011 Financial State of Massachusetts

2010 Financial State of Massachusetts

2009 Financial State of Massachusetts

City and Other Municipal Reports

Financial State of Boston

Other Resources

Massachusetts Comprehensive Annual Financial Reports

Publishing Entity: Comptroller of the Commonwealth of Massachusetts

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