Vermont : State Data and Comparisons : Data-Z

Vermont

TIA Data

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

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Vermont owes more than it owns.

Vermont has a -$10,900 Taxpayer Burden.™

Vermont 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.

Vermont only has $6 billion of assets available to pay bills totaling $8.8 billion.

Because Vermont doesn't have enough money to pay its bills, it has a -$2.9 billion financial hole. To fill it, each Vermont taxpayer would have to send -$10,900 to the state.

Vermont's reported net position is understated by $198.3 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 210 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Vermont

2021 Financial State of Vermont

2020 Financial State of Vermont

2019 Financial State of Vermont

2018 Financial State of Vermont

2017 Financial State of Vermont

2016 Financial State of Vermont

2015 Financial State of Vermont

2014 Financial State of Vermont

2013 Financial State of Vermont