2015 Data (Released 09/19/2016)

Financial State of Tennessee

Tennessee owns more than it owes
At $2,100, Tennessee's “Taxpayer's Surplus” ranks 9th out of the 50 states
Tennessee is among 10 “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 $15.6 billion of assets available to pay the state's bills totaling $11.8 billion
Tennessee has $3.9 billion available after bills have been paid: $2,100 per taxpayer
Because of a new accounting rule, Tennessee now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to $677.2 million in 2015. However, the state is still hiding $103.8 million of pension debt from taxpayers.
The state's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day goal

Prior Years' TIA Data

2014 Financial State of Tennessee

2013 Financial State of Tennessee

Other Resources

Tennessee Comprehensive Annual Financial Reports

Publishing Entity: Tennessee Department of Finance and Administration