Montana owns more than it owes. |
Montana's Taxpayer Surplus™ is $100, and it received a "B" from TIA. |
Montana 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. |
Montana has $6.6 billion of assets available to pay the state's bills totaling $6.6 billion. |
Montana has $21.4 million available after bills have been paid, which breaks down to $100 per taxpayer. |
Montana's reported net position is overstated by $954.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
The state's financial report was released 247 days after its fiscal year end, which is considered untimely according to the 180 day standard. |