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.

Truth in accounting; Maryland a "sinkhole state"

DECEMBER 24, 2023 | FOX BALTIMORE | by Gianna Desiderio

"A new report from the nonpartisan organization truth in accounting reveals the fiscal condition of each state, Maryland received a "D" ranking. 

CEO of, Adam Andrzejewski, joins Fox45 Morning Show to break this down for us."

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.

Maryland ranks second in nation in fiscal transparency


By Brent Addleman, includes “Maryland ranks second in the nation in the latest Truth in Accounting fiscal transparency report. The report tracks the publication of financial information from states and awards a score based on the timeliness of the release of information and the ease with which the public can review the information. …”

Maryland’s Democrats hate gerrymandering so much, they’re trying to eliminate the state’s lone Republican district

DECEMBER 7, 2021 | REASON | by Eric Boehm

By Eric Boehm, includes “Bizarre and misshapen congressional districts are often the result of a partisan effort to cement certain outcomes in future elections. State lawmakers, who in most cases control the once-every-decade redistricting process, are motivated to craft maps that allow their ‘team’ to win as many districts as possible. ”  (Note: See “Gerrymandering Sucks,” from 2015)

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. 

Buoyed by federal stimulus, Maryland reports $2.5 billion budget windfall

OCTOBER 4, 2021 | THE WASHINGTON POST | by Rebecca Tan

By Rebecca Tan, includes “Maryland is ending the fiscal year with a $2.5 billion balance in its state budget, largely attributable to a windfall in tax revenue, state analysts said Thursday.”

Maryland reports huge $2.5 billion fund balance

SEPTEMBER 30, 2021 | ASSOCIATED PRESS | by Editorial

Includes “Maryland has a huge $2.5 billion fund balance in the state budget, largely due to federal stimulus aid during the pandemic, the state’s comptroller announced Wednesday. Comptroller Peter Franchot made the announcement as the state closed its books for the last fiscal year. The $2.5 billion fund balance represents more than 5% of the state’s $48 billion operating budget for fiscal year 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.

Marylanders concerned about state’s ability to fund state employee pensions


Includes “With Maryland’s state pension fund nearly $20 billion in the red, a new statewide survey from the Maryland Public Policy Institute reveals that a large majority of voters are concerned about the state’s ability to fund pension benefits for public employees. ”

Could Maryland’s fiscal stimulus payment get slashed because of rule against tax cuts?

MARCH 16, 2021 | WTOP NEWS (MARYLAND) | by Danielle Gains, Laura Olson

By Danielle Gains and Laura Olson, includes “Maryland could lose a $200 million chunk of federal stimulus funding meant to shore up state government, as the result of a provision in the federal law meant to limit the use of the stimulus to fund tax breaks.”

Baltimore budget director describes city’s financial outlook amid pandemic as ‘ugly’

FEBRUARY 11, 2021 | FOX 5 NEWS (RHODE ISLAND) | by Keith Daniels

By Keith Daniels, includes “… Christopher Summers, a public policy expert at the Maryland Public Policy Institute, says the pandemic only complicates financial matters for a city reeling from financial troubles long before the pandemic's nearly one-year grip. One example includes a study by the non-profit ‘Truth in Accounting’ released in January last year.”

Maryland is vaccinating remote public school teachers before in-person private school teachers

FEBRUARY 4, 2021 | REASON | by Robby Soave

By Robby Soave, includes “In Montgomery County, Maryland, the public schools have remained closed since last March while many private schools have decided to open. But the county's vaccination plan prioritizes public school teachers over employees of private schools.”

Baltimore County librarians seek to unionize through legislation that’s going before General Assembly


Citing a lack of transparency and communication from Baltimore County Public Library leadership and seeking health care benefits for almost half the library system’s workforce, library employees are trying to unionize.

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.

Don’t rejoice over Maryland’s short-term surplus: Billion-dollar deficits still loom


State government recently closed out the books for the fiscal year that ended on June 30 with some marginally good news: Things weren’t as bad as some had initially expected.

The truth about Maryland’s AAA bond rating


As you may know, Maryland is one of only 13 states to hold the coveted AAA rating from all three major credit agencies—Moody’s, S&P Global, and Fitch Ratings.

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