Louisiana
| Louisiana owes more than it owns. |
| Louisiana has a -$13,000 Taxpayer Burden.™ |
| Louisiana 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. |
| Louisiana only has $32.3 billion of assets available to pay bills totaling $48.6 billion. |
| Because Louisiana doesn't have enough money to pay its bills, it has a -$16.3 billion financial hole. To fill it, each Louisiana taxpayer would have to send -$13,000 to the state. |
| Louisiana's reported net position is overstated by $1.3 billion, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 184 days after its fiscal year end, which is considered untimely according to the 180 day standard. |
Prior Years' TIA Reports
2023 Financial State of Louisiana
2022 Financial State of Louisiana
2021 Financial State of Louisiana
2020 Financial State of Louisiana
2019 Financial State of Louisiana
2018 Financial State of Louisiana
2017 Financial State of Louisiana
2016 Financial State of Louisiana
2015 Financial State of Louisiana
2014 Financial State of Louisiana
2013 Financial State of Louisiana
2012 Financial State of Louisiana
2011 Financial State of Louisiana
City and Municipal Reports
Financial State of New Orleans
Other Resources
Louisiana Annual Comprehensive Financial Reports
Publishing Entity: State of Louisiana Division of Administration
