Vermont : State Data and Comparisons : Data-Z

Vermont

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Vermont owes more than it owns.

Vermont has a -$12,500 Taxpayer Burden.™

Vermont 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.

Vermont only has $5.9 billion of assets available to pay bills totaling $9 billion.

Because Vermont doesn't have enough money to pay its bills, it has a -$3.1 billion financial hole. To fill it, each Vermont taxpayer would have to send -$12,500 to the state.

Vermont's reported net position is overstated by $160.8 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.