Kentucky : State Data and Comparisons : Data-Z

Kentucky

TIA Data

2023 Financial State of Kentucky (Released 10/03/2024)

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Kentucky owes more than it owns.

Kentucky has a -$13,200 Taxpayer Burden.™

Kentucky 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.

Kentucky only has $23 billion of assets available to pay bills totaling $42.5 billion.

Because Kentucky doesn't have enough money to pay its bills, it has a -$19.5 billion financial hole. To fill it, each Kentucky taxpayer would have to send -$13,200 to the state.

Kentucky's reported net position is overstated by $4.3 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 242 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Kentucky

2021 Financial State of Kentucky

2020 Financial State of Kentucky

2019 Financial State of Kentucky

2018 Financial State of Kentucky

2017 Financial State of Kentucky

2016 Financial State of Kentucky

2015 Financial State of Kentucky

2014 Financial State of Kentucky

2013 Financial State of Kentucky