In the spirit of promoting clear and accurate fiscal information, Truth in Accounting has once again assessed the transparency of state governments’ financial reporting. While state budgets receive most of the public and media’s attention, their outcomes are detailed in each government's Annual Comprehensive Financial Report (ACFR), which is audited annually by certified public accountants. Our transparency score is based on key criteria outlining best practices, offering government officials and citizens a roadmap to enhance fiscal transparency and accountability.
Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.
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.
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
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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 John McKay, includes “Truth in Accounting (TIA) is a watchdog group who track, report and monitor the financial performance and actions of all 50 state governments. Founded in 2002, it's basically a group of high-level accountants, analysts, financial experts, and media workers.”
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.
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.
Burrow deep into the most obscure of Washington's local governments and you'll find boutique districts that control spending for cemeteries, drainage infrastructure, mosquito management and fire protection.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
Seattle would need $5,400 per taxpayer to dig itself out of a ‘financial trench’ and pay all of its bills.
With everything else that is going on in Washington, a sneaky change to guidance for federal employees who discover lawbreaking in the spending of appropriated funds might seem like small potatoes. But we believe proper implementation of the Antideficiency Act oversight provisions are important because they provide.
In case readers think this is all hyperbole or we’re being negative about Don the real estate guy, look for yourselves.
Justin Marlowe, a professor in the University of Washington’s Evans School of Public Policy & Governance, has been named a member of Washington Governor Jay Inslee’s Council of Economic Advisors.
The federal government is reining in the power of Bechtel National Industries to spend taxpayer dollars at the Hanford site in Eastern Washington by requiring many subcontracts to first get reviewed by Energy Department officials.
Sally Coomer of Seattle, who cares for her disabled adult daughter at home, doesn’t like the fact that union dues are deducted from the Medicaid payment she gets for her services under a Washington state policy.
Just over two weeks since the Janus ruling, about a third of the affected states have taken actions meant to soften its impact on unions' membership and revenue.