Rhode Island : State Data and Comparisons : Data-Z

Rhode Island

TIA Data

2023 Financial State of Rhode Island (Released 10/03/2024)

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Rhode Island owes more than it owns.

Rhode Island has a -$8,800 Taxpayer Burden.™

Rhode Island 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.

Rhode Island only has $8.6 billion of assets available to pay bills totaling $12.6 billion.

Because Rhode Island doesn't have enough money to pay its bills, it has a -$4 billion financial hole. To fill it, each Rhode Island taxpayer would have to send -$8,800 to the state.

Rhode Island's reported net position is overstated by $330.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 243 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Rhode Island

2021 Financial State of Rhode Island

2020 Financial State of Rhode Island

2019 Financial State of Rhode Island

2018 Financial State of Rhode Island

2017 Financial State of Rhode Island

2016 Financial State of Rhode Island

2015 Financial State of Rhode Island

2014 Financial State of Rhode Island

2013 Financial State of Rhode Island