North Carolina : State Data and Comparisons : Data-Z

TIA Data

2020 Financial State of North Carolina (Released 9/28/2021)

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North Carolina owes more than it owns.

North Carolina's Taxpayer Burden™ is -$1,400, and it received a "C" from TIA.

North Carolina 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.

North Carolina only has $42 billion of assets available to pay bills totaling $46.3 billion.

Because North Carolina doesn't have enough money to pay its bills, it has a $4.3 billion financial hole. To fill it, each North Carolina taxpayer would have to send $1,400 to the state.

North Carolina's reported net position is understated by $1.4 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 157 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2019 Financial State of North Carolina

2018 Financial State of North Carolina

2017 Financial State of North Carolina

2016 Financial State of North Carolina

2015 Financial State of North Carolina

2014 Financial State of North Carolina

2013 Financial State of North Carolina

2012 Financial State of North Carolina

2011 Financial State of North Carolina

2010 Financial State of North Carolina