Truth in Accounting
Tennessee

TIA Data

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

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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 pension system boasts historic investment earnings

OCTOBER 8, 2021 | TIMESNEWS (TENNESSEE) | by Jon Styf

By Jon Styf (The Center Square), includes “Think tank Truth in Accounting said last month Tennessee had one of the healthiest financial outlooks of any state in the nation, ranking sixth nationally for fiscal health in its annual Financial State of the States report. At the end of fiscal year 2020, Tennessee had 92 cents set aside for each promised dollar of pension benefits,”

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