New Hampshire

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New Hampshire owes more than it owns.
New Hampshire has a -$700 Taxpayer Burden.™
New Hampshire 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.
New Hampshire only has $4.7 billion of assets available to pay bills totaling $5.1 billion.
Because New Hampshire doesn't have enough money to pay its bills, it has a -$390.1 million financial hole. To fill it, each New Hampshire taxpayer would have to send -$700 to the state.
New Hampshire's reported net position is understated by $641.6 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 190 days after its fiscal year end, which is considered untimely according to the 180 day standard.

IN THE NEWS
Financial State of the States 2025

SEPTEMBER 25, 2025

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

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