New Jersey

TIA Data

2018 Financial State of New Jersey (Released 9/24/2019)

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

New Jersey owes more than it owns.
New Jersey's Taxpayer Burden™ is -$65,100, and it received an "F" from TIA.
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 $25.9 billion of assets available to pay bills totaling $234.7 billion.
Because New Jersey doesn't have enough money to pay its bills, it has a $208.8 billion financial hole. To fill it, each New Jersey taxpayer would have to send $65,100 to the state.
New Jersey's reported net position is understated by $1.9 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 304 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

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

2010 Financial State of New Jersey

2009 Financial State of New Jersey

Other Resources

New Jersey Comprehensive Annual Financial Reports

Publishing Entity: Department of the Treasury: Office of Management and Budget

Murphy’s bail-me-out math

JUNE 4, 2020 | CITY JOURNAL | by Steven Malanga

As Washington debated a bill last week to provide states with new coronavirus aid, New Jersey governor Phil Murphy announced that, unless Congress comes up with more money to help him close a projected $10 billion budget deficit, he might have to fire as many as half of the state’s 400,000 government workers