Arizona
| Arizona owns more than it owes. |
| Arizona has a $2,600 Taxpayer Surplus.™ |
| Arizona 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. |
| Arizona has $25.5 billion of assets available to pay the state's bills totaling $19.2 billion. |
| Arizona has $6.3 billion available after bills have been paid, which breaks down to $2,600 per taxpayer. |
| Arizona's reported net position is overstated by $512.9 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| As of Aug 25, 2025, 421 days after the end of its June 30, 2024 fiscal year, the state had still not released its financial report for that year. This significant delay raises serious concerns about transparency and accountability in the state's financial reporting. |
Prior Years' TIA Reports
2023 Financial State of Arizona
2022 Financial State of Arizona
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
2011 Financial State of Arizona
City and Municipal Reports
Other Resources
Arizona Annual Comprehensive Financial Reports
Publishing Entity: General Accounting Office
