Financial Transparency Score 2024

APRIL 23, 2024

Truth in Accounting has once again created a transparency score for the financial reporting by state governments to encourage the publication of transparent and accurate government financial information.

Hot off the Press! The State Report is Out: How Did Your State Do???

DECEMBER 10, 2023

Now Available

Our annual report on state fiscal health. Debt among the states improved slightly. Going from $1.2 trillion down to $938.6 billion. 

What happened? 

How did your state do? Read the full report below.

Accounting is a methodology for measuring value. It's the process of identifying, measuring, and communicating economic information to enable well-informed assessments and choices for those who rely on the informationgood accounting matters!  


Did your state receive a clean audit opinion? 2022 Update

OCTOBER 22, 2023 | by Chrisitine Kuglin

Every year, for the past fourteen years, Truth in Accounting has released its Financial State of the States report which examines the financial status of the fifty states. This year our report was released on October 11, 2023. One of the data sets we reviewed is the auditors’ reports. Did the state receive an unmodified report for  their Annual Comprehensive Financial Report? Last year I wrote an article for Accounting Today explaining which states did not meet auditing standards for 2021. This is a follow-up to that article.

Financial State of the States 2022

OCTOBER 24, 2022

This year's report found that 31 states did not have enough money to pay all of their bills.

New study measures financial transparency among state governments

NOVEMBER 16, 2021


Majority of state finances worsened during beginning of pandemic

SEPTEMBER 28, 2021


Financial State of the States 2021

SEPTEMBER 28, 2021

Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.

Homeschoolers triple in number during the pandemic

MARCH 24, 2021 | REASON | by J.D. Tuccille

By J.D. Tuccille, includes “…Undoubtedly, many families will return to public schools after the virus is gone, but others will stick with alternatives they learned to trust when government offerings failed.”

Sixteen states lost population in 2020

FEBRUARY 1, 2021 | BALLOTPEDIA | by Scott Rasmussen

By Scott Rasmussen, includes “… On a percentage basis, the biggest increases were found in Idaho, Arizona, Nevada, and Utah.”

Thirty-nine states ill-prepared for coronavirus pandemic

SEPTEMBER 22, 2020

The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.

Stay the course, bond debt isn’t the answer

JULY 15, 2020 | JUNEAU EMPIRE (ALASKA) | by Jerry Nankervis

Right now, there is a push from the mayor’s Economic Stabilization Task Force to increase the City and Borough of Juneau bond debt to help the economy during this time of economic crisis. Increasing our debt is exactly the opposite of what should be done.

Alaska’s financial transparency, ranked

JUNE 22, 2020 | ALASKA POLICY FORUM | by Sarah Montalbano

Each year, Truth in Accounting releases the Financial Transparency Score Report, which focuses on transparency in the budgets of state governments. 

State general revenue shortfall projections

JUNE 1, 2020 | by Bill Bergman, Sheila Weinberg

How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises? 

State official: Governor open to ‘discussion’ on new taxes


New state taxes are on table for discussion next spring as the Legislature and Gov. Mike Dunleavy figure out how to deal with a projected $1.5 billion deficit for state Fiscal Year 2021, the budget year that begins next July 1. The Legislature and the governor must approve the budget, including how to cover the funding gap, before June 30.

Alaska’s public universities may declare ‘academic bankruptcy’

JULY 15, 2019 | GOVERNING | by Daniel Vock

Gov. Michael Dunleavy eliminated 40 percent of the University of Alaska system's state funding. Lawmakers failed to override his budget vetoes.

Alaska is set to be the next great reckoning for conservatives

FEBRUARY 21, 2019 | THE WASHINGTON POST | by Henry Olsen

“Conservatives who want to shrink government are despairing over the debt-fueled Washington spend-fest. They tend to blame out-of-touch leadership for the failure to cut spending, but public opinion is likely the real culprit. Turn north and look at the ongoing budget fight in Alaska to see why. … So Dunleavy’s budget is forcing Alaskans to decide how much government they want and how much they are willing to pay for it. That’s precisely the debate small- government conservatives have wanted to force for decades.” 

Second wave of 2017 FSOS now available!

MAY 15, 2018 | by Truth in Accounting

See the financial condition of Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.

Legislature limits bonds for pensions, but keeps them as potential tool

MAY 2, 2018 | ALASKA PUBLIC MEDIA | by Andrew Kitchenman

The Legislature has passed a measure, Senate Bill 97, to lower the amount of bonds the state could sell to reduce this unfunded pension liability.

Gap of $6.6 billion in state pension funding draws lawmakers’ concern

FEBRUARY 21, 2018 | KTOO NEWS (ALASKA) | by Andrew Kitchenman

Some state senators are expressing concern about the projected shortfall in funding Alaska's public employee pensions.

Unfunded state liabilities total $1.5 trillion

FEBRUARY 2, 2018 | NEWSMAX | by Scott Rasmussen

Forty-one U.S. states do not have enough money to pay their bills, collectively they have racked up $1.5 trillion in unfunded liabilities.

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