Alabama
| Alabama owes more than it owns. |
| Alabama has a -$8,000 Taxpayer Burden.™ |
| 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 $21.9 billion of assets available to pay bills totaling $33.4 billion. |
| Because Alabama doesn't have enough money to pay its bills, it has a -$11.6 billion financial hole. To fill it, each Alabama taxpayer would have to send -$8,000 to the state. |
| Alabama's reported net position is overstated by $1.2 billion, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 178 days after its fiscal year end, which is considered timely according to the 180 day standard. |
Prior Years' TIA Reports
2023 Financial State of Alabama
2022 Financial State of Alabama
2021 Financial State of Alabama
2020 Financial State of Alabama
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
Other Resources
Alabama Annual Comprehensive Financial Reports
Publishing Entity: Alabama Department of Finance, Office of the State Comptroller
