Delaware : State Data and Comparisons : Data-Z

Delaware

TIA Data

2023 Financial State of Delaware (Released 10/03/2024)

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Delaware owes more than it owns.

Delaware has a -$15,400 Taxpayer Burden.™

Delaware 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.

Delaware only has $7.8 billion of assets available to pay bills totaling $14 billion.

Because Delaware doesn't have enough money to pay its bills, it has a -$6.2 billion financial hole. To fill it, each Delaware taxpayer would have to send -$15,400 to the state.

Delaware's reported net position is understated by $268 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 264 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Delaware

2021 Financial State of Delaware

2020 Financial State of Delaware

2019 Financial State of Delaware

2018 Financial State of Delaware

2017 Financial State of Delaware

2016 Financial State of Delaware

2015 Financial State of Delaware

2014 Financial State of Delaware

2013 Financial State of Delaware