Nevada

TIA Data

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

 
Nevada owes more than it owns.
Nevada has a -$3,300 Taxpayer Burden.™
Nevada 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.
Nevada only has $5.4 billion of assets available to pay bills totaling $8.5 billion.
Because Nevada doesn't have enough money to pay its bills, it has a $3.1 billion financial hole. To fill it, each Nevada taxpayer would have to send $3,300 to the state.
Nevada's reported net position is inflated by $286 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state is still hiding $1.5 billion 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 258 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Nevada

2016 Financial State of Las Vegas

2016 Financial State of Henderson

2015 Financial State of Nevada

2014 Financial State of Nevada

2013 Financial State of Nevada

Other Resources

Nevada Comprehensive Annual Financial Reports

Publishing Entity: Nevada State Controller's Office

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