Alabama

TIA Data

2020 Financial State of Alabama (Released 9/28/2021)

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

 
Alabama owes more than it owns.
Alabama's Taxpayer Burden™ is -$9,800, and it received a "D" from TIA.
Alabama 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.
Alabama only has $14.7 billion of assets available to pay bills totaling $27.2 billion.
Because Alabama doesn't have enough money to pay its bills, it has a $12.5 billion financial hole. To fill it, each Alabama taxpayer would have to send $9,800 to the state.
Alabama's reported net position is understated by $1.6 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Alabama

2018 Financial State of Alabama

2017 Financial State of Alabama

2016 Financial State of Alabama

2015 Financial State of Alabama

2014 Financial State of Alabama

2013 Financial State of Alabama

2012 Financial State of Alabama

2011 Financial State of Alabama

2010 Financial State of Alabama

2009 Financial State of Alabama

Other Resources

Alabama Comprehensive Annual Financial Reports

Publishing Entity: Alabama Department of Finance - Comptroller's Office

IN THE NEWS
A tiny Alabama town is growing its police force by fining everybody in sight

JANUARY 21, 2022 | REASON | by Scott Shackford

By Scott Shackford, includes “Birmingham News columnist John Archibald reports, ‘In a two-year period between 2018 and 2020 Brookside revenues from fines and forfeitures soared more than 640 percent and now make up half the city's total income.’ According to the records Archibald reviewed, Brookside as of 2020 was arresting more people for misdemeanors than it has residents.”

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