Montana

TIA Data

2017 Financial State of Montana (Released 9/25/2018)

 
Montana owes more than it owns.
Montana has a -$3,300 Taxpayer Burden.™
Montana 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.
Montana only has $4.9 billion of assets available to pay bills totaling $6 billion.
Because Montana doesn't have enough money to pay its bills, it has a $1.1 billion financial hole. To fill it, each Montana taxpayer would have to send $3,300 to the state.
Montana's reported net position is inflated by $354.3 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
Despite a recently implemented accounting standard meant to increase transparency, Montana still excludes $293.4 million of pension debt from its balance sheet. In addition, the state is still hiding $42.2 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 210 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Montana

2015 Financial State of Montana

2014 Financial State of Montana

2013 Financial State of Montana

Other Resources

Montana Comprehensive Annual Financial Reports

Publishing Entity: State Financial Services Division

IN THE NEWS
Accounting and auditing forum

AUGUST 13, 2018 | FEDERAL RESERVE BANK OF KANSAS CITY

Annual forum this November 6, intro includes “The annual event is an opportunity for accounting professionals and banking supervisors to interact and discuss current accounting and auditing issues related to banking. …The target audience for this event includes financial officers, accountants and internal auditors associated with state member banks, bank holding companies and savings and loan holding companies. Additionally, the Forum is appropriate for external auditors, outsourced internal auditors and consultants providing accounting services to financial institutions.”

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