Nevada : State Data and Comparisons : Data-Z

Nevada

TIA Data

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

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Nevada owes more than it owns.

Nevada has a -$1,500 Taxpayer Burden.™

Nevada 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.

Nevada only has $11.3 billion of assets available to pay bills totaling $13.1 billion.

Because Nevada doesn't have enough money to pay its bills, it has a -$1.8 billion financial hole. To fill it, each Nevada taxpayer would have to send -$1,500 to the state.

Nevada's reported net position is understated by $371.4 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 559 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Nevada

2021 Financial State of Nevada

2020 Financial State of Nevada

2019 Financial State of Nevada

2018 Financial State of Nevada

2017 Financial State of Nevada

2016 Financial State of Nevada

2015 Financial State of Nevada

2014 Financial State of Nevada

2013 Financial State of Nevada