California

TIA Data

2023 Financial State of California (Released 10/03/2024)

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

 
California owes more than it owns.
California has a -$17,400 Taxpayer Burden.™
California 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.
California only has $275.4 billion of assets available to pay bills totaling $535.8 billion.
Because California doesn't have enough money to pay its bills, it has a -$260.3 billion financial hole. To fill it, each California taxpayer would have to send -$17,400 to the state.
California's reported net position is understated by $15.4 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 624 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of California

2021 Financial State of California

2020 Financial State of California

2019 Financial State of California

2018 Financial State of California

2017 Financial State of California

2016 Financial State of California

2015 Financial State of California

2014 Financial State of California

2013 Financial State of California

2012 Financial State of California

2011 Financial State of California

2010 Financial State of California

2009 Financial State of California

City and Other Municipal Reports

Financial State of Anaheim

Financial State of Bakersfield

Financial State of Chula Vista

Financial State of Fresno

Financial State of Irvine

Financial State of Long Beach

Financial State of Los Angeles

Financial State of Oakland

Financial State of Riverside

Financial State of Sacramento

Financial State of San Diego

Financial State of San Francisco

Financial State of San Jose

Financial State of Santa Ana

Financial State of Stockton

Financial State of TCA

Other Resources

California Annual Comprehensive Financial Reports

Publishing Entity: California State Controller's Office

IN THE NEWS
California’s financial state deteriorates as officials slack on making financial data public

OCTOBER 5, 2024 | THE ORANGE COUNTY REGISTER | by Jon Coupal

There are two ways California could use some truth in accounting. First, with the extraordinary level of waste, fraud and abuse in this state, it is indisputable we need more fiscal discipline and oversight.  Second, and in furtherance of the first, Truth in Accounting (TIA) is a highly reputable think tank that analyzes government financial reports. Its conclusions about California are disturbing to say the least. 

VIEW LESS