Arizona : State Data and Comparisons : Data-Z

TIA Data

2022 Financial State of Arizona (Released 10/11/2023)

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Arizona owes more than it owns.

Arizona's Taxpayer Burden™ is -$600, and it received a "C" from TIA.

Arizona 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.

Arizona only has $19.3 billion of assets available to pay bills totaling $20.6 billion.

Because Arizona doesn't have enough money to pay its bills, it has a -$1.3 billion financial hole. To fill it, each Arizona taxpayer would have to send -$600 to the state.

Arizona's reported net position is overstated by $2.5 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 488 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Arizona

2020 Financial State of Arizona

2019 Financial State of Arizona

2018 Financial State of Arizona

2017 Financial State of Arizona

2016 Financial State of Arizona

2015 Financial State of Arizona

2014 Financial State of Arizona

2013 Financial State of Arizona

2012 Financial State of Arizona