Oklahoma

TIA Data

2019 Financial State of Oklahoma (Released 9/22/2020)

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

 
Oklahoma owes more than it owns.
Oklahoma's Taxpayer Burden™ is -$700, and it received a "C" from TIA.
Oklahoma 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.
Oklahoma only has $13.4 billion of assets available to pay bills totaling $14.2 billion.
Because Oklahoma doesn't have enough money to pay its bills, it has a $764.3 million financial hole. To fill it, each Oklahoma taxpayer would have to send $700 to the state.
Oklahoma's reported net position is overstated by $350.8 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Oklahoma

2017 Financial State of Oklahoma

2016 Financial State of Oklahoma

2015 Financial State of Oklahoma

2014 Financial State of Oklahoma

2013 Financial State of Oklahoma

2012 Financial State of Oklahoma

2011 Financial State of Oklahoma

2010 Financial State of Oklahoma

2009 Financial State of Oklahoma

City and Other Municipal Reports

Financial State of Oklahoma City

Financial State of Tulsa

Other Resources

Oklahoma Comprehensive Annual Financial Reports

Publishing Entity: Office of Management and Enterprise Services (OMES)

IN THE NEWS
Oklahoma lawmakers oppose federal bailout of states

SEPTEMBER 15, 2020 | OKLAHOMA COUNCIL OF PUBLIC AFFAIRS | by Ray Carter

Twenty-three Oklahoma state legislators have joined colleagues from across the country to oppose additional federal bailouts for state governments, signing a letter that declares bailouts will incentivize poor financial management and punish fiscally prudent states.

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