Tennessee

2014 Data (Released 08/11/2015)

Financial State of Tennessee

Press Release

 
Tennessee owns more than it owes
At $1,300, Tennessee's “Taxpayer's Surplus” ranks 9th out of the 50 states
Tennessee is among 11 “Sunshine States” 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 $14.8 billion of assets available to pay the state's bills totaling $12.3 billion
Tennessee has $2.4 billion available after bills have been paid: $1,300 per taxpayer
The state's financial report was released 172 days after its fiscal year end, which is considered timely according to the 180 day goal
 

Prior Years' TIA Data

2013 Financial State of Tennessee

Other Resources

Tennessee Comprehensive Annual Financial Report

Publishing Entity:  Tennessee Division of Accounts

IN THE NEWS
Audit reveals 'serious problems' within Decatur Co. government

FEBRUARY 12, 2016 | WBRC FOX NEWS

The Tennessee Comptroller of the Treasury said they have identified "several serious problems" that require immediate attention within Decatur County's government. ... According to auditors, they found several items belonging to the county on the sheriff's personal property. ... The comptroller said those kinds of adjustments are often a strong indicator of a county's instability to maintain its accounting records..."

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