Truth in Accounting
Tennessee

TIA Data

2020 Financial State of Tennessee (Released 9/28/2021)

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

 
Tennessee owns more than it owes.
Tennessee's Taxpayer Surplus™ is $4,400, and it received a "B" from TIA.
Tennessee 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.
Tennessee has $24.9 billion of assets available to pay the state's bills totaling $16.2 billion.
Tennessee has $8.7 billion available after bills have been paid, which breaks down to $4,400 per taxpayer.
Tennessee's reported net position is overstated by $443 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 169 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Tennessee

2018 Financial State of Tennessee

2017 Financial State of Tennessee

2016 Financial State of Tennessee

2015 Financial State of Tennessee

2014 Financial State of Tennessee

2013 Financial State of Tennessee

2012 Financial State of Tennessee

2011 Financial State of Tennessee

2010 Financial State of Tennessee

2009 Financial State of Tennessee

City and Other Municipal Reports

Financial State of Memphis

Financial State of Nashville

Other Resources

Tennessee Comprehensive Annual Financial Reports

Publishing Entity: Tennessee Department of Finance and Administration - Division of Accounts

IN THE NEWS
Tennessee Department of Finance and Administration

JANUARY 3, 2022 | TENNESSEE COMPLETES ANNUAL FINANCIAL REPORT | by Editorial

From December 29, 2021, includes “The state of Tennessee has completed its annual financial report for fiscal year 2020-21. … ‘Reliable, useful and timely financial and performance information provides fiscal transparency and a basis for future decisions on the direction of state policies and programs,’ Division of Accounts Director Mike Corricelli said.” 

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