TIA Data

2016 Financial State of Nevada (Released 5/15/2017)

2016 Financial State of Henderson (Released 1/24/2018)

2016 Financial State of Las Vegas (Released 1/24/2018)

Nevada owes more than it owns and ranks the 19th out of the 50 states.
Nevada's Taxpayer Burden™ is -$3,800, and received a "C" from TIA.
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 $5.3 billion of assets available to pay bills totaling $8.7 billion.
Because Nevada doesn't have enough money to pay its bills, it has a $3.5 billion financial hole. To fill it, each Nevada taxpayer would have to send $3,800 to the state.
Because of an accounting rule implemented last year, Nevada has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $2 billion in 2015 to $2.2 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding $1.4 billion of retiree health care debt. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

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