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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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.
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 Ian Karbal (Mountain State Spotlight), includes “On July 1, Gov. Jim Justice announced that in the 2021 fiscal year, which ended the previous day, West Virginia had a budget surplus of $413 million, topping previous expectations for the year."
By Scott Rasmussen, includes “… On a percentage basis, the biggest increases were found in Idaho, Arizona, Nevada, and Utah.”
Ranking 28th out of 50 on any list may not be something to brag about, but for Virginia, it represents a degree of improvement.
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.
Hindsight is 20/20, with Gov. Jim Justice and state revenue officials looking back on the last fiscal year and the first month of the new fiscal year, which both showed surpluses even as the pandemic affects the economy.
When the 2020 fiscal year ends Tuesday, West Virginia could still end up with a small surplus after sweeping state agencies for cash and utilizing excess Medicaid dollars.
U.S. Rep. David McKinley, R-W.Va., hopes his version of a fix for coal miner pensions passes the House of Representatives and breaks through the blockage in the U.S. Senate.
Gov. Jim Justice confirmed today that West Virginia’s state budget will end the fiscal year with a surplus.
The filing deadlines for candidates to enter state legislative races have already passed in 31 states.
See the financial condition of Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.
The student loan bubble is going to burst in the very near future. Student loan debt is second only to housing debt at $1.4 trillion in outstanding loans.
On Monday, thousands of teachers and supporters in Kentucky are expected to descend on the state capitol in Frankfort to demand Gov. Matt Bevin veto a bill that overhauls their pension plan, which they say was forged by lawmakers in secret backroom deals.
The struggling finances of small incorporated towns in West Virginia is by no means new to this state, and has been a topic of numerous news stories over the past decade.
Bucking a practice that had been standard for decades, the Republican-led Legislature today unanimously passed a Fiscal Year 2019 Budget Bill that provides significant public employee pay raises, controls other government spending, and balances the state’s finances without any tax increases.
A bill introduced by the West Virginia legislature would make it a criminal offense for any participating public employer of any retirement system administered by the Consolidated Public Retirement Board to fail to make required contributions.