New York
| New York owes more than it owns. |
| New York has a -$6,700 Taxpayer Burden.™ |
| New York 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 York only has $248 billion of assets available to pay bills totaling $295.3 billion. |
| Because New York doesn't have enough money to pay its bills, it has a -$47.3 billion financial hole. To fill it, each New York taxpayer would have to send -$6,700 to the state. |
| New York's reported net position is understated by $4 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities. |
| The state's financial report was released 154 days after its fiscal year end, which is considered timely according to the 180 day standard. |
Prior Years' TIA Reports
2024 Financial State of New York
2023 Financial State of New York
2022 Financial State of New York
2021 Financial State of New York
2020 Financial State of New York
2019 Financial State of New York
2018 Financial State of New York
2017 Financial State of New York
2016 Financial State of New York
2015 Financial State of New York
2014 Financial State of New York
2013 Financial State of New York
2012 Financial State of New York
2011 Financial State of New York
City and Municipal Reports
Financial State of New York City
Other Resources
New York Annual Comprehensive Financial Reports
Publishing Entity: Office of New York State Comptroller
