Minnesota

TIA Data

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

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

 
Minnesota owes more than it owns.
Minnesota's Taxpayer Burden™ is -$200, and it received a "C" from TIA.
Minnesota 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.
Minnesota only has $22 billion of assets available to pay bills totaling $22.4 billion.
Because Minnesota doesn't have enough money to pay its bills, it has a $450.1 million financial hole. To fill it, each Minnesota taxpayer would have to send $200 to the state.
Minnesota's reported net position is inflated by $2.8 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 167 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Minnesota

2016 Financial State of Minnesota

2015 Financial State of Minnesota

2014 Financial State of Minnesota

2013 Financial State of Minnesota

2012 Financial State of Minnesota

2011 Financial State of Minnesota

2010 Financial State of Minnesota

2009 Financial State of Minnesota

City and Other Municipal Reports

Financial State of Minneapolis

Financial State of Saint Paul

Other Resources

Minnesota Comprehensive Annual Financial Reports

Publishing Entity: Minnesota Management and Budget

IN THE NEWS
How bad is Minnesota’s student-debt situation?

MAY 14, 2019 | MINNPOST | by Greta Kaul

“Last month, Massachusetts Senator and Democratic presidential hopeful Elizabeth Warren released a student-debt plan that would forgive up to $50,000 in student loans for people with household incomes less than $100,000, forgive less in loans for those who make more and make public higher education free. Not everyone agrees it’s a good idea. …”

VIEW LESS