Maine : State Data and Comparisons : Data-Z

Maine

TIA Data

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

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Maine owes more than it owns.

Maine has a -$2,300 Taxpayer Burden.™

Maine 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.

Maine only has $11 billion of assets available to pay bills totaling $12.3 billion.

Because Maine doesn't have enough money to pay its bills, it has a -$1.3 billion financial hole. To fill it, each Maine taxpayer would have to send -$2,300 to the state.

Maine's reported net position is overstated by $126.3 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 166 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Maine

2021 Financial State of Maine

2020 Financial State of Maine

2019 Financial State of Maine

2018 Financial State of Maine

2017 Financial State of Maine

2016 Financial State of Maine

2015 Financial State of Maine

2014 Financial State of Maine

2013 Financial State of Maine