Alaska owns more than it owes. |
Alaska's Taxpayer Surplus™ is $96,800, and it received an "A" from TIA. |
Alaska 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. |
Alaska has $41.5 billion of assets available to pay the state's bills totaling $15.4 billion. |
Alaska has $26.1 billion available after bills have been paid, which breaks down to $96,800 per taxpayer. |
Alaska's reported net position is overstated by $887.7 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
The state's financial report was released 247 days after its fiscal year end, which is considered untimely according to the 180 day standard. |