TIA Data

2019 Financial State of Arizona (Released 9/22/2020)

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 -$1,700, 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 $11.6 billion of assets available to pay bills totaling $15.3 billion.
Because Arizona doesn't have enough money to pay its bills, it has a $3.7 billion financial hole. To fill it, each Arizona taxpayer would have to send $1,700 to the state.
Arizona's reported net position is inflated by $210.6 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 274 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

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

Arizona Public Safety Personnel Retirement System solvency analysis

OCTOBER 29, 2020 | REASON FOUNDATION | by Leonard Gilroy, Zachary Christensen, Steven Gassenberger

Four years after the Arizona Public Safety Retirement System (PSPRS) adopted major stakeholder-driven reforms to stem a precipitous increase in unfunded pension liabilities resulting from faulty plan design, the system now appears to be on a sustainable financial trajectory, according to a new stress test analysis prepared by the Pension Integrity Project at Reason Foundation.