Arizona

TIA Data

2021 Financial State of Arizona (Released 10/25/2022)

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

 
Arizona owes more than it owns.
Arizona's Taxpayer Burden™ is -$2,100, 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 $14.2 billion of assets available to pay bills totaling $18.9 billion.
Because Arizona doesn't have enough money to pay its bills, it has a $4.6 billion financial hole. To fill it, each Arizona taxpayer would have to send $2,100 to the state.
Arizona's reported net position is overstated by $641.9 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 400 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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

2010 Financial State of Arizona

2009 Financial State of Arizona

City and Other Municipal Reports

Financial State of Mesa

Financial State of Phoenix

Financial State of Tucson

Other Resources

Arizona Comprehensive Annual Financial Reports

Publishing Entity: General Accounting Office

IN THE NEWS
City Combined Taxpayer Burden Report 2022

MAY 24, 2022

Did you know that many cities, such as Chicago and Los Angeles, do not include the financial information of their school districts and other underlying entities in their financial reports and budgets? The result is taxpayers are on the hook for far more debt than they know. To provide a more complete picture of the 10 most populous U.S. cities including their largest underlying government units, Truth in Accounting has released its annual City Combined Taxpayer Burden report.

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