Truth in Accounting

Nevada

TIA Data

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

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

 
Nevada owes more than it owns.
Nevada has a -$1,500 Taxpayer Burden.™
Nevada 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.
Nevada only has $11.3 billion of assets available to pay bills totaling $13.1 billion.
Because Nevada doesn't have enough money to pay its bills, it has a -$1.8 billion financial hole. To fill it, each Nevada taxpayer would have to send -$1,500 to the state.
Nevada's reported net position is understated by $371.4 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 559 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Nevada

2021 Financial State of Nevada

2020 Financial State of Nevada

2019 Financial State of Nevada

2018 Financial State of Nevada

2017 Financial State of Nevada

2016 Financial State of Nevada

2015 Financial State of Nevada

2014 Financial State of Nevada

2013 Financial State of Nevada

2012 Financial State of Nevada

2011 Financial State of Nevada

2010 Financial State of Nevada

2009 Financial State of Nevada

City and Other Municipal Reports

Financial State of Henderson

Financial State of Las Vegas

Other Resources

Nevada Annual Comprehensive Financial Reports

Publishing Entity: Nevada State Controller's Office

SNAPSHOT BY THE NUMBERS
  • Nevada's Bills Exceed Its Assets
  • Assets * $30.5
  • Less: Capital Assets * $14.3
  • Restricted Assets * $4.9
  • Assets Available to Pay Bills * $11.3
  • Less: Bills * $13.1
  • Money Available (Needed) to Pay Bills * ($1.8)
  • Each Taxpayer's Surplus (Burden) ($1,500)
  • The Bills Nevada has Accumulated
  • State Bonds * $3.9
  • Other Liabilities * $6.8
  • Less: Debt Related to Capital Assets * $2.4
  • Unfunded Pension Benefits * $3.3
  • Unfunded Retirees' Health Care Benefits * $1.5
  • Bills * $13.1
  • * figures in billions
IN THE NEWS
Financial State of the States 2024

OCTOBER 3, 2024

Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.

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