Washington : State Data and Comparisons : Data-Z

Washington

TIA Data

2022 Financial State of Washington (Released 10/11/2023)

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Washington owes more than it owns.

Washington's Taxpayer Burden™ is -$3,200, and it received a "C" 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 $62.9 billion of assets available to pay bills totaling $72.2 billion.

Because Washington doesn't have enough money to pay its bills, it has a -$9.2 billion financial hole. To fill it, each Washington taxpayer would have to send -$3,200 to the state.

Washington's reported net position is understated by $7.5 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 173 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Washington

2020 Financial State of Washington

2019 Financial State of Washington

2018 Financial State of Washington

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