Truth in Accounting™ (TIA™) offers a number of publications for comlimentary download, including our Financial State of the States™ and Financial State of the CitiesTM reports. For the eleventh year, the Financial State of the States™ reviewed each state's Comprehensive Annual Financial Report (CAFR) to offset assets against liabilities. A detailed analysis of states' pension and health care liabilities was completed to uncover all of the states'. From these calculations, Truth in Accounting was able to determine the true Taxpayer Burden for all 50 states. The same methodology was applied to our Financial State of the Cities.
Former U.S. Comptroller General David Walker says, "The 'Financial State of the States' appears to be the first study of its kind. While other organizations have compared the states’ unfunded retirement liabilities, only this study has determined the overall financial condition of every state."