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!  


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


Financial Transparency Score 2021

NOVEMBER 16, 2021

To encourage the publication of transparent and accurate government financial information, Truth in Accounting has created a transparency score for financial reporting by the states. 

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.

Maine was in ‘poor fiscal health’ before COVID, report says


Hobbled by a chronically underfunded pension system, Maine was not prepared to weather the economic storm that came with COVID-19, a recent report states.

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.

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 budget crisis looms in Maine as pandemic rages

APRIL 27, 2020 | PORTLAND PRESS HERALD (MAINE) | by Scott Thistle

The coronavirus pandemic is paving the way for a state budget crisis that will likely be deeper than any Maine has seen in decades.

Maine tax credit data leads to questions about effectiveness of programs

DECEMBER 10, 2019 | THE CENTER SQUARE – MAINE | by Sarah Downey

A new report shows Maine lost more than $31.5 million at the state level in fiscal 2018 due to government tax incentives.

Maine doled out more than $31 million in tax abatements in 2018

NOVEMBER 11, 2019 | MAINE WIRE | by Adam Crepeau

In 2015, the Government Accounting Standards Board (GASB) released Statement Number 77, advising local and state governments to disclose the amount of revenue lost from tax abatements.

The long bull market has failed to fix public pensions

APRIL 10, 2019 | THE WALL STREET JOURNAL | by Heather Gillers

Maine’s public pension fund earned double-digit returns in six of the past nine years.

MainePERS has some suggestions for struggling public pensions

MARCH 22, 2019 | PLANSPONSOR | by John Manganaro

According to Sandy Matheson, executive director of the Maine Public Employees Retirement System (MainePERS), there is good reason to be optimistic that the public pension system in the U.S. may be turning a corner towards greater stability and financial strength.

Drowning in student loans? Move to Maine!

OCTOBER 29, 2018 | ZERO HEDGE | by Tyler Durden

In a bid to attract new residents, Maine has the ultimate incentive for those drowning in student loans; move there and they'll help pay them off. The catch? You have to make enough money to pay taxes - unless you're a STEM major! 

Lessons learned from shocking municipal fraud cases


It's an all-too-common headline: Government employee steals public money. While the details are different, the general outline of the scheme is usually the same. It's an all-too-common headline: Government employee steals public money. While the details are different, the general outline of the scheme is usually the same. 

Public pension funds adopt cost-sharing mechanisms to stem volatility

JULY 18, 2018 | BLOOMBERG | by Martin Z. Braun

In spring 2016, Sandy Matheson, the executive director of the Maine Public Employees Retirement System, was panicking.

Scott Rasmussen’s Number of the Day: 1,166

JUNE 22, 2018 | BALLOTPEDIA | by Scott Rasmussen

The filing deadlines for candidates to enter state legislative races have already passed in 31 states.

Corporate welfare cost Maine taxpayers $42.5 million in 2017

JUNE 21, 2018 | MAINEWIRE | by Liam Sigaud

Economists have long criticized politicians’ penchant for creating narrow legal carveouts and targeted tax exemptions to lure large corporations.

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