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.
"In fiscal 2022, 28 states didn’t have enough revenue to pay all of their bills, according to the 14th annual Financial State of the States report, published by the Chicago-based nonprofit Truth in Accounting.
The report provides a comprehensive analysis of the fiscal health of all 50 states based on the latest available data from states’ fiscal year 2022 annual comprehensive financial reports.
New Jersey ranked last for having the worst fiscal health and the greatest taxpayer burden. Not far behind was Connecticut, followed by Illinois, Massachusetts, Hawaii, Kentucky, Delaware, Louisiana, California and Vermont in the bottom ten.
By contrast, 22 states reported surpluses, the majority of which are led by Republican governors."
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.
https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023
|
|
This year's report found that 31 states did not have enough money to pay all of their bills.
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.
By Leia Larsen, includes “The Utah Office of the State Auditor has released a report chiding Uintah County for bad accounting practices and improper spending of federal funds meant to address the coronavirus pandemic.”
PRESS RELEASE - FOR IMMEDIATE RELEASE
Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.
By Charlie Schill, includes “Utah Attorney General Sean Reyes has joined 12 other state legal officers in a federal lawsuit over provisions in President Joe Biden’s $1.9 trillion COVID-19 stimulus plan that could potentially prohibit states from providing tax cuts for their citizens.”
During the last regular Municipal City County meeting, Provo leaders were presented with the yearly Popular Annual Finance Report, more commonly known as the PAFR.
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.
Student debt is at an all-time high of $1.5 trillion. College is more expensive than ever as it is estimated the cost of tuition has raised about 25 percent in the last 25 years, and it shows no signs of slowing down.
When it became clear that the COVID-19 pandemic was going to wreck the state's tax revenue, lawmakers in Utah got out their scissors.
I am pleased to report we loaded our U-Haul rental yesterday and I am on the road driving to our new home in Utah.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
The controversial tax reform package that sparked a referendum to let voters decide whether to raise sales taxes on food, gas and some services while reducing income taxes will be repealed instead by the Utah Legislature, state leaders announced Thursday.
A conservative Trump nominee and a liberal Salt Lake County councilwoman walk into a grocery store
National hospital associations are suing the government to stop a federal price transparency rule for hospitals. Undeterred, the federal Department of Health and Human Services has also proposed a price transparency rule for insurers.
First, sales taxes that help fund the state’s Transportation Investment Fund produced more than expected amid a healthy economy.