Wisconsin

TIA Data

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

 
Wisconsin owes more than it owns.
Wisconsin has a -$3,900 Taxpayer Burden.™
Wisconsin 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.
Wisconsin only has $11.5 billion of assets available to pay bills totaling $19.5 billion.
Because Wisconsin doesn't have enough money to pay its bills, it has a $8 billion financial hole. To fill it, each Wisconsin taxpayer would have to send $3,900 to the state.
Wisconsin's reported net position is inflated by $1.5 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
Despite a recently implemented accounting standard meant to increase transparency, Wisconsin still excludes $27.4 million of pension debt from its balance sheet. In addition, the state is still hiding $666.6 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 228 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Wisconsin

2016 Financial State of Milwaukee

2015 Financial State of Wisconsin

2014 Financial State of Wisconsin

2013 Financial State of Wisconsin

Other Resources

Wisconsin Comprehensive Annual Financial Reports

Publishing Entity: Wisconsin Department of Administration

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