Truth in Accounting
New Jersey

TIA Data

2021 Financial State of New Jersey (Released 10/25/2022)

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

 
New Jersey owes more than it owns.
New Jersey's Taxpayer Burden™ is -$58,700, and it received an "F" from TIA.
New Jersey 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 Jersey only has $43.4 billion of assets available to pay bills totaling $241.1 billion.
Because New Jersey doesn't have enough money to pay its bills, it has a $197.7 billion financial hole. To fill it, each New Jersey taxpayer would have to send $58,700 to the state.
New Jersey's reported net position is understated by $2.6 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 329 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of New Jersey

2019 Financial State of New Jersey

2018 Financial State of New Jersey

2017 Financial State of New Jersey

2016 Financial State of New Jersey

2015 Financial State of New Jersey

2014 Financial State of New Jersey

2013 Financial State of New Jersey

2012 Financial State of New Jersey

2011 Financial State of New Jersey

2010 Financial State of New Jersey

2009 Financial State of New Jersey

Other Resources

New Jersey Comprehensive Annual Financial Reports

Publishing Entity: Department of the Treasury: Office of Management and Budget

IN THE NEWS
NJ Retiree Update – December 2021

JANUARY 19, 2022 | BURYPENSIONS BLOG | by John Bury

By John Bury, includes “Based on state pension data updated through December, 2021 there are 363,722 retirees getting annualized pensions of $12,395,368,150. … There are now 4,789 retirees getting over $100,000 annually. Of those 118 are getting pensions of over $150,000 annually …” (Followed by a long list of names, pension amounts, and their government employers.)

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