New Jersey
| New Jersey owes more than it owns. |
| New Jersey has a -$44,500 Taxpayer Burden.™ |
| New Jersey 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 Jersey only has $57.6 billion of assets available to pay bills totaling $214.4 billion. |
| Because New Jersey doesn't have enough money to pay its bills, it has a -$156.8 billion financial hole. To fill it, each New Jersey taxpayer would have to send -$44,500 to the state. |
| New Jersey's reported net position is understated by $28.6 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities. |
| The state's financial report was released 271 days after its fiscal year end, which is considered untimely according to the 180 day standard. |
Prior Years' TIA Reports
2023 Financial State of New Jersey
2022 Financial State of New Jersey
2021 Financial State of New Jersey
2020 Financial State of New Jersey
2019 Financial State of New Jersey
2018 Financial State of New Jersey
2017 Financial State of New Jersey
2016 Financial State of New Jersey
2015 Financial State of New Jersey
2014 Financial State of New Jersey
2013 Financial State of New Jersey
2012 Financial State of New Jersey
2011 Financial State of New Jersey
Other Resources
New Jersey Annual Comprehensive Financial Reports
Publishing Entity: Department of the Treasury: Office of Management and Budget
