North Carolina owes more than it owns.

North Carolina's Taxpayer Burden™ is -$1,400 , and it received a "C" from TIA.

North Carolina 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.

North Carolina only has $37.5 billion of assets available to pay bills totaling $42.1 billion .

Because North Carolina doesn't have enough money to pay its bills, it has a $4.6 billion financial hole. To fill it, each North Carolina taxpayer would have to send $1,400 to the state.

North Carolina's reported net position is understated by $3.6 billion , largely because the state delays recognizing gains resulting from decreases in retirement liabilities.