State Releases Finance Report

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The state has released its Comprehensive Annual Finance Report for the 2015 fiscal year, posting the 373-page document on its website this week.  The report provides an overview and analysis of the state’s financial performance during the fiscal year that ended last June.

The state’s long-term obligations increased 6.9 percent to $153.5 billion, including a net increase in bonded debt of $1.4 billion. The non-bonded portion of that obligation totaled $110.3 billion, up $8.5 billion from the prior fiscal year, thanks in large part to an increase in the net pension liability and the state’s obligation for other retirement benefits.

Source: PoliticoPro