Iowa

TIA Data

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

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

 
Iowa owns more than it owes.
Iowa's Taxpayer Surplus™ is $5,000, and it received a "B" from TIA.
Iowa 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.
Iowa has $14.7 billion of assets available to pay the state's bills totaling $9.3 billion.
Iowa has $5.3 billion available after bills have been paid, which breaks down to $5,000 per taxpayer.
Iowa's reported net position is overstated by $115.8 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 401 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Iowa

2020 Financial State of Iowa

2019 Financial State of Iowa

2018 Financial State of Iowa

2017 Financial State of Iowa

2016 Financial State of Iowa

2015 Financial State of Iowa

2014 Financial State of Iowa

2013 Financial State of Iowa

2012 Financial State of Iowa

2011 Financial State of Iowa

2010 Financial State of Iowa

2009 Financial State of Iowa

Other Resources

Iowa Annual Comprehensive Financial Reports

Publishing Entity: Iowa Department of Administrative Services

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!  

 

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