Truth in Accounting

Florida

TIA Data

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

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

 
Florida owns more than it owes.
Florida's Taxpayer Surplus™ is $2,500, and it received a "B" from TIA.
Florida 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.
Florida has $98.2 billion of assets available to pay the state's bills totaling $79.9 billion.
Florida has $18.4 billion available after bills have been paid, which breaks down to $2,500 per taxpayer.
Florida's reported net position is understated by $6.9 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 270 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Florida

2020 Financial State of Florida

2019 Financial State of Florida

2018 Financial State of Florida

2017 Financial State of Florida

2016 Financial State of Florida

2015 Financial State of Florida

2014 Financial State of Florida

2013 Financial State of Florida

2012 Financial State of Florida

2011 Financial State of Florida

2010 Financial State of Florida

2009 Financial State of Florida

City and Other Municipal Reports

Financial State of Jacksonville

Financial State of Miami

Financial State of Orlando

Financial State of Tampa

Other Resources

Florida Annual Comprehensive Financial Reports

Publishing Entity: Division of Accounting and Auditing

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 information—good accounting matters!  

 

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