West Virginia

TIA Data

2018 Financial State of West Virginia (Released 9/24/2019)

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

 
West Virginia owes more than it owns.
West Virginia's Taxpayer Burden™ is -$8,300, and it received a "D" from TIA.
West Virginia 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.
West Virginia only has $9.2 billion of assets available to pay bills totaling $13.5 billion.
Because West Virginia doesn't have enough money to pay its bills, it has a $4.3 billion financial hole. To fill it, each West Virginia taxpayer would have to send $8,300 to the state.
West Virginia's reported net position is inflated by $749.2 million, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of West Virginia

2016 Financial State of West Virginia

2015 Financial State of West Virginia

2014 Financial State of West Virginia

2013 Financial State of West Virginia

2012 Financial State of West Virginia

2011 Financial State of West Virginia

2010 Financial State of West Virginia

2009 Financial State of West Virginia

Other Resources

West Virginia Comprehensive Annual Financial Reports

Publishing Entity: Department of Administration - Finance Division

IN THE NEWS
VIEW LESS