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!  


New Mexico posts the nation's lowest high school graduation rate in 2020.

MAY 15, 2023 | by Eric Piatek

According to the National Center for Education Statistics, New Mexico posted the nation’s lowest high school graduation rate for the most recently available data (Excluding Washington D.C.). The state’s graduation rate of 76.9 percent was nearly 9 percent lower than the national average, despite an improvement from 2019.

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. 

When forced to choose, some New Mexico gas station liquor stores will now just sell liquor

SEPTEMBER 28, 2021 | REASON | by Baylen Linnekin

By Baylen Linnekin, includes “Q: When is a gas station that sells liquor not a gas station? … The new law targeting McKinley County gas stations and consumers also arrived nearly in tandem with a state high court ruling that encourages gas stations across the state not to sell gas—a decision that's also tied to alcohol.”

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.

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.

Santa Fe takes risk by using reserves to balance budget

JULY 27, 2020 | SANTA FE NEW MEXICAN | by Daniel Chacon

A plan to tap into reserve funds to the tune of $22.4 million to help balance the city of Santa Fe’s budget for the 2021 fiscal year isn’t without risk.

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? 

Next pension overhaul in New Mexico may be for educators

MARCH 2, 2020 | SANTA FE NEW MEXICAN | by Jens Gould

This year’s legislative session was important to some people with pensions, as a big-ticket bill to shore up New Mexico’s retirement system for state employees was passed.

If we forgive debt, let’s get real on athletics funding


There are few who can match the credentials of Sen. John Arthur Smith, D-Deming, when it comes to responsible government finances and being a good steward of public funds.

Drawing benefits

FEBRUARY 21, 2020 | SANTA FE NEW MEXICAN | by Richard Johnson

The rampant teacher shortage in New Mexico and elsewhere comes as no surprise given how little respect has been shown the profession the past two decades

Tackling the issue of conflict on public pension fund boards

JANUARY 13, 2020 | PENSIONS & INVESTMENTS | by Arleen Jacobius

Already under pressure to produce returns in the face of underfunded liabilities, some public pension boards also are having to address bad board behavior.

New Mexico retirees question math in proposed pension fix


A coalition of retirees is turning to an unusual argument as it pushes back on plans to overhaul New Mexico’s underfunded pension system for public employees.

Lawmakers hear warning about PERA fund

JULY 30, 2019 | ALBUQUERQUE JOURNAL | by Dan McKay

The executives running New Mexico’s main pension fund for city and state workers offered a sharp warning to state lawmakers Monday.

Accusations, mistrust roil New Mexico pension fund


New Mexico's state treasurer is renewing accusations that past pay raises were not properly approved for the executive director at a state public pension fund.

Governor creates task force to study pension issues


“A legislative solvency fix for one of New Mexico’s large public retirement systems will probably have to wait until next year. Gov. Michelle Lujan Grisham on Monday ordered that a 19-member task force be created to study possible changes to the pension plans …”

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