Truth in Accounting

Washington, D.C.

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TIA Data

2023 Financial State of Washington, DC (Released 02/27/2024)

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Washington, DC owns more than it owes.
Washington, DC has a $9,000 Taxpayer Surplus.™
Washington, DC is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Washington, DC has $9.2 billion of assets available to pay the state's bills totaling $6.7 billion.
Washington, DC has $2.5 billion available after bills have been paid, which breaks down to $9,000 per taxpayer.
Washington, DC's reported net position is inflated by $610.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 116 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Washington, DC

2021 Financial State of Washington, DC

2020 Financial State of Washington, DC

2019 Financial State of Washington, DC

2016 Financial State of Washington, DC

2015 Financial State of Washington, DC

 

Other Resources

Washington, DC Annual Comprehensive Financial Reports

Publishing Entity: Office of the Chief Financial Officer

IN THE NEWS
Financial Transparency Score 2025

JULY 8, 2025

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.

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