Louisiana : State Data and Comparisons : Data-Z

Louisiana

TIA Data

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

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Louisiana owes more than it owns.

Louisiana has a -$13,400 Taxpayer Burden.™

Louisiana 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.

Louisiana only has $30 billion of assets available to pay bills totaling $48.9 billion.

Because Louisiana doesn't have enough money to pay its bills, it has a -$18.9 billion financial hole. To fill it, each Louisiana taxpayer would have to send -$13,400 to the state.

Louisiana's reported net position is overstated by $1.3 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 184 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Louisiana

2021 Financial State of Louisiana

2020 Financial State of Louisiana

2019 Financial State of Louisiana

2018 Financial State of Louisiana

2017 Financial State of Louisiana

2016 Financial State of Louisiana

2015 Financial State of Louisiana

2014 Financial State of Louisiana

2013 Financial State of Louisiana