Alabama

TIA Data

2022 Financial State of Alabama (Released 10/11/2023)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Alabama owes more than it owns.
Alabama's Taxpayer Burden™ is -$7,000, and it received a "D" from TIA.
Alabama is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Alabama only has $17.2 billion of assets available to pay bills totaling $27 billion.
Because Alabama doesn't have enough money to pay its bills, it has a -$9.8 billion financial hole. To fill it, each Alabama taxpayer would have to send -$7,000 to the state.
Alabama's reported net position is understated by $1.5 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Alabama

2020 Financial State of Alabama

2019 Financial State of Alabama

2018 Financial State of Alabama

2017 Financial State of Alabama

2016 Financial State of Alabama

2015 Financial State of Alabama

2014 Financial State of Alabama

2013 Financial State of Alabama

2012 Financial State of Alabama

2011 Financial State of Alabama

2010 Financial State of Alabama

2009 Financial State of Alabama

Other Resources

Alabama Annual Comprehensive Financial Reports

Publishing Entity: Alabama Department of Finance - Comptroller's Office

IN THE NEWS
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. 

https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023

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!  

 

VIEW LESS