TIA Data

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

Oregon owns more than it owes.
Oregon has a $1,000 Taxpayer Surplus.™
Oregon 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.
Oregon has $21.4 billion of assets available to pay the state's bills totaling $20.1 billion.
Oregon has $1.4 billion available after bills have been paid, which breaks down to $1,000 per taxpayer.
Oregon's reported net position is inflated by $2.5 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state is still hiding $33.7 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 173 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2016 Financial State of Oregon

2016 Financial State of Portland

2015 Financial State of Oregon

2014 Financial State of Oregon

2013 Financial State of Oregon

Other Resources

Oregon Comprehensive Annual Financial Reports

Publishing Entity: Accounting and Reporting Service

The $22 billion question: Understanding PERS

JANUARY 10, 2019 | OREGON PUBLIC BROADCASTING | by Dave Miller, Julie Sabatier

“Joe Gall is the city manager of Sherwood, a city of about 20,000 people in Washington County. Over the last four years, the amount that his city pays in PERS costs has nearly doubled. … Gall says the solution to the very real problem Sherwood and other communities are facing is not going to come at the local level. 'The solution, quite honestly, is in Salem,' he said.”