Financial State of the States 2022

At the end of the fiscal year 2021, 31 states did not have enough money to pay all of their bills. 

Financial State of the Union

Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $10 trillion in 2021. 

US Published National Debt


The Truth


Each Taxpayer's Share: $936,000

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  • Financial State of the Cities 2022

    Truth in Accounting has released its sixth annual Financial State of the Cities report.

  • Financial State of the Union 2022

    Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $10 trillion in 2021.

  • Data-Z (formerly State Data Lab)

    Create your own chart with more than 700 data variables, including demographic, economic and financial at the federal, state, and city level.

  • Financial Transparency Score 2021

    To encourage the publication of transparent and accurate government financial information, Truth in Accounting has created a transparency score for financial reporting by the states. 

more publications
  • New bill would increase state and local gov't transparency

    November 16, 2022

    For decades, the goal of increased government financial transparency has been widely shared across political parties and stakeholder groups. The Financial Data Transparency Act (S.4295), proposed by Sen. Mark Warner, D-Virginia, and Mike Crapo, R-Idaho, takes a major step toward openness and accessibility by directing seven financial regulators, including the Municipal Securities Rulemaking Board, to develop "machine-readable" data standards that accurately reflect the existing reporting standards. So, it is surprising that this transparency measure has attracted stiff opposition when it has proven so successful in corporate reporting. READ MORE HERE.

  • Over Two Thirds Of U.S. States Do Not Have Enough Cash To Pay Their Obligations

    October 25, 2022

    Thirty-one states, or over two-thirds of U.S. states, do not have enough cash to pay their bills. For the thirteenth year in a row, nonpartisan accounting watchdog Truth in Accounting (TIA) released its ‘Financial State of the States’ report today describing the weak financial condition of numerous states.

  • You're Invited: Official Launch TIA Project at DU

    October 21, 2022

    October 25 Official Launch of the Truth in Accounting Project at the University of Denver
    Are Government Officials the Best Ones to Manage Pension Funds & Social Security?
    What are the Biggest Issues Facing Government Finances?
    These and other questions will be explored.

    RSVP HERE for in-person and RSVP HERE for the live-stream option

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