Iowa
| Iowa owns more than it owes. |
| Iowa has a $9,800 Taxpayer Surplus.™ |
| 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 $24.1 billion of assets available to pay the state's bills totaling $13.2 billion. |
| Iowa has $10.9 billion available after bills have been paid, which breaks down to $9,800 per taxpayer. |
| Iowa's reported net position is overstated by $356.3 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 173 days after its fiscal year end, which is considered timely according to the 180 day standard. |
Prior Years' TIA Reports
Other Resources
Iowa Annual Comprehensive Financial Reports
Publishing Entity: Iowa Department of Administrative Services
