The state has $13.1 billion in assets, but most are not available to meet Montana’s bills, according to a recent report that based its findings on information in state financial and pension data.

Montana taxpayers would have to pay $300 each to make up a shortfall, or so says the Institute for Truth In Accounting (IFTA), a Chicago-based nonprofit organization that claims its mission as seeking more effective and accurate accounting by states.

Of the $13.1 billion in assets, $5.5 billion are available to pay $5.6 billion in bills, leaving a shortfall of $88.9 million, IFTA’s second annual “Financial State of the States Report” notes.