Kentucky owes more than it owns.

Kentucky's Taxpayer Burden™ is -$24,700 , and it received an "F" from TIA.

Kentucky 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.

Kentucky only has $11.7 billion of assets available to pay bills totaling $44.4 billion .

Because Kentucky doesn't have enough money to pay its bills, it has a $32.7 billion financial hole. To fill it, each Kentucky taxpayer would have to send $24,700 to the state.

Kentucky's reported net position is understated by $7.7 billion , largely because the state delays recognizing gains resulting from decreases in retirement liabilities.