Virginia
| Virginia owns more than it owes. |
| Virginia has a $6,800 Taxpayer Surplus.™ |
| Virginia 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. |
| Virginia has $79.1 billion of assets available to pay the state's bills totaling $58 billion. |
| Virginia has $21.1 billion available after bills have been paid, which breaks down to $6,800 per taxpayer. |
| Virginia's reported net position is overstated by $888.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 166 days after its fiscal year end, which is considered timely according to the 180 day standard. |
Prior Years' TIA Reports
2023 Financial State of Virginia
2022 Financial State of Virginia
2021 Financial State of Virginia
2020 Financial State of Virginia
2019 Financial State of Virginia
2018 Financial State of Virginia
2017 Financial State of Virginia
2016 Financial State of Virginia
2015 Financial State of Virginia
2014 Financial State of Virginia
2013 Financial State of Virginia
2012 Financial State of Virginia
2011 Financial State of Virginia
City and Municipal Reports
Financial State of Virginia Beach
Other Resources
Virginia Annual Comprehensive Financial Reports
Publishing Entity: Virginia Department of Accounts
