North Dakota

TIA Data

2017 Financial State of North Dakota (Released 5/15/2018)

 
North Dakota owns more than it owes.
North Dakota has a $24,900 Taxpayer Surplus.™
North Dakota is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
North Dakota has $14.5 billion of assets available to pay the state's bills totaling $7.4 billion.
North Dakota has $7.1 billion available after bills have been paid, which breaks down to $24,900 per taxpayer.
North Dakota has delayed the recognition of changes in its pension liability. As a result of this and other deferrals, the state's overall net position is inflated by $152.2 million.
The reported pension liability is understated by $348.4 million because outdated valuations were used in preparation of the report. Furthermore, the state is still hiding $50.3 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 161 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of North Dakota

2015 Financial State of North Dakota

2014 Financial State of North Dakota

2013 Financial State of North Dakota

Other Resources

North Dakota Comprehensive Annual Financial Reports

Publishing Entity: Office of Management and Budget

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