Tennessee

TIA Data

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

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 $9,500, 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 $37.5 billion of assets available to pay the state's bills totaling $16.6 billion.
Tennessee has $20.9 billion available after bills have been paid, which breaks down to $9,500 per taxpayer.
Tennessee's reported net position is understated by $976.7 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Tennessee

2020 Financial State of Tennessee

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 Annual Comprehensive Financial Reports

Publishing Entity: Tennessee Department of Finance and Administration

IN THE NEWS
28 States Didn’t Have Enough Money to Cover Their Bills in Fiscal 2022: Report

DECEMBER 24, 2023 | PENNSYLVANIA DAILY STAR | by Bethany Blankley

"In fiscal 2022, 28 states didn’t have enough revenue to pay all of their bills, according to the 14th annual Financial State of the States report, published by the Chicago-based nonprofit Truth in Accounting.

The report provides a comprehensive analysis of the fiscal health of all 50 states based on the latest available data from states’ fiscal year 2022 annual comprehensive financial reports.

New Jersey ranked last for having the worst fiscal health and the greatest taxpayer burden. Not far behind was Connecticut, followed by Illinois, Massachusetts, Hawaii, Kentucky, Delaware, Louisiana, California and Vermont in the bottom ten.

By contrast, 22 states reported surpluses, the majority of which are led by Republican governors."

 

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