New Hampshire owes more than it owns. |
New Hampshire's Taxpayer Burden™ is -$3,800, and it received a "C" from TIA. |
New Hampshire 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. |
New Hampshire only has $3.5 billion of assets available to pay bills totaling $5.6 billion. |
Because New Hampshire doesn't have enough money to pay its bills, it has a $2.1 billion financial hole. To fill it, each New Hampshire taxpayer would have to send $3,800 to the state. |
New Hampshire's reported net position is overstated by $155.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard. |