Washington

TIA Data

2018 Financial State of Washington (Released 9/24/2019)

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

 
Washington owes more than it owns.
Washington's Taxpayer Burden™ is -$7,400, and it received a "D" from TIA.
Washington 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.
Washington only has $40.4 billion of assets available to pay bills totaling $60.4 billion.
Because Washington doesn't have enough money to pay its bills, it has a $20 billion financial hole. To fill it, each Washington taxpayer would have to send $7,400 to the state.
Washington's reported net position is understated by $671 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 144 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Washington

2016 Financial State of Washington

2015 Financial State of Washington

2014 Financial State of Washington

2013 Financial State of Washington

2012 Financial State of Washington

2011 Financial State of Washington

2010 Financial State of Washington

2009 Financial State of Washington

City and Other Municipal Reports

Financial State of Seattle

Other Resources

Washington Comprehensive Annual Financial Reports

Publishing Entity: Office of Financial Management

IN THE NEWS
OMB just made a sneaky change to the Antideficiency Act protocol

OCTOBER 18, 2019 | TAXPAYERS FOR COMMON SENSE

With everything else that is going on in Washington, a sneaky change to guidance for federal employees who discover lawbreaking in the spending of appropriated funds might seem like small potatoes. But we believe proper implementation of the Antideficiency Act oversight provisions are important because they provide.

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