Truth in Accounting
Alaska

TIA Data

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

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

 
Alaska owns more than it owes.
Alaska's Taxpayer Surplus™ is $80,000, and it received an "A" from TIA.
Alaska is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
Alaska has $37.1 billion of assets available to pay the state's bills totaling $16.3 billion.
Alaska has $20.9 billion available after bills have been paid, which breaks down to $80,000 per taxpayer.
Alaska's reported net position is understated by $2 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 260 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Alaska

2020 Financial State of Alaska

2019 Financial State of Alaska

2018 Financial State of Alaska

2017 Financial State of Alaska

2016 Financial State of Alaska

2015 Financial State of Alaska

2014 Financial State of Alaska

2013 Financial State of Alaska

2012 Financial State of Alaska

2011 Financial State of Alaska

2010 Financial State of Alaska

2009 Financial State of Alaska

City and Other Municipal Reports

Financial State of Anchorage

Other Resources

Alaska Annual Comprehensive Financial Reports

Publishing Entity: Department of Administration

IN THE NEWS
Did your state receive a clean audit opinion? 2022 Update

OCTOBER 22, 2023 | by Chrisitine Kuglin

Every year, for the past fourteen years, Truth in Accounting has released its Financial State of the States report which examines the financial status of the fifty states. This year our report was released on October 11, 2023. One of the data sets we reviewed is the auditors’ reports. Did the state receive an unmodified report for  their Annual Comprehensive Financial Report? Last year I wrote an article for Accounting Today explaining which states did not meet auditing standards for 2021. This is a follow-up to that article.

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