Financial Transparency Score Report

Our new report analyzes how transparent state governments are with their finances.

Ask the Experts: Can we have accountability without transparency?

Watch a recording of our Nov. 18 webinar with special guest, Adam Andrzejewski, CEO and founder of 

Financial State of the States NOW AVAILABLE

Our twelfth annual Financial State of the States report, an analysis of the 50 states' financial health in 2020, is now available.

US Published National Debt


The Truth


Each Taxpayer's Share: $919,000

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  • Financial State of the States 2021

    Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.

  • Bill's Blog

    Bill Bergman serves as TIA's Director of Research. He is responsible for managing TIA's federal project and State Data Lab's data base.  Bergman spent 13 years as an economist and policy analyst at the Federal Reserve Bank of Chicago.

  • Financial State of the Union 2021

    Our Financial State of the Union report found that the financial condition of the U.S. government worsened by nearly $10 trillion in 2020.

  • Financial State of the Cities 2021

    Our fifth annual Financial State of the Cities report. This analysis surveys the fiscal health of the 75 most populated US cities prior to the coronavirus pandemic. 

  • 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.

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  • Featured Archives

    January 19, 2022
    Kansas Policy Institute

    Includes article from October 18, 2021 titled “Truth in Accounting Highlights Uncomfortable Truths About Kansas Pensions,” with text “Truth in Accounting’s Financial State of the States for 2021 ranks Kansas 27th in fiscal health nationwide with an overall grade of a D. This rank is due to the state’s $7,500 burden per taxpayer to pay off its $6.7 billion in debt, including unfunded retirement benefit and pension plans.”

  • Illinois is a great example of why people are running away from blue states

    January 18, 2022
    American Thinker

    By Jack Hellner, includes “The Illinois Constitution requires a balanced budget, yet Illinois has run up hundreds of billions in actual debt and unfunded pension and health liabilities.  The reason federal, state, and local entities have so much debt and unfunded liabilities is that they essentially borrow to balance their budget.  … ”

  • Illinois spent 6% more than it took in for 15 years, so COVID hit it harder

    January 13, 2022
    Illinois Policy Institute

    By Justin Carlson, includes “Illinois was one of only eight states to see spending outpace its revenues from 2005-2019, leaving it fiscally ill-prepared to deal with the tumultuous COVID-19 pandemic, according to new data from Pew Charitable Trusts … coming in just ahead of similarly troubled New Jersey … According to financial watchdog Truth in Accounting,  …”

read more in the news

    DiNapoli calls on major corporations to conduct racial equity audits

    January 20, 2022
    Office of New York State Comptroller

    Includes “New York State Comptroller Thomas P. DiNapoli and the state’s pension fund today announced the filing of shareholder proposals seeking an independent audit of companies’ practices related to racial equity. The proposals were filed at Chipotle Mexican Grill, Dollar General Corp., Dollar Tree, Inc. and Match Group … ”


    Too costly to be beneficial

    January 20, 2022
    Value Research

    By Anand Tandon, includes “The cost-benefit analysis of mega government projects often turns out to be wrong, reveals a research paper … Most large projects tend to overshoot costs. … A cost-benefit analysis is a means of evaluating relative attractiveness of projects when there is a slate of projects to choose from. ”


    What is a bailout?

    January 20, 2022
    The Economic Times (India)

    Includes “Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. … Bailouts also have their disadvantages. Anticipated bailouts encourage a moral hazard by allowing not only promoters but also other stakeholders (customers, lenders, suppliers) to take higher-than-recommended risks in financial transactions. ”

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