Tennessee

Tennessee

  • Tennessee is a Sunshine State and has the 8th best per Taxpayer Surplus
  • Tennessee has $15 billion to pay the state's bills totaling $13 billion
  • The state has $2 billion in reserves, amounting to $1,100 per taxpayer
  • The Tennessee financial statements clearly report $734 million of retirement liabilities, but in reality the state has more than $3 billion of unfunded retirement promises
  • The Tennessee Taxpayer Surplus is 3% of an average citizen's personal income of $39,324
  • Outbound moves from Tennessee were 49%, which usually means more people are moving into the state
For a comprehensive look into the state's financial position read the Tennessee Financial State of the State

Link to TN CAFR:   Tennessee Comprehensive Annual Financial Report

Publishing Entity:  Tennessee Division of Accounts

Truth in Accounting’s methodology is unique, analyzing all state assets and liabilities, including unreported pension and retirement health liabilities.

IN THE NEWS
Union doubts pension study numbers

SEPTEMBER 23, 2013 | WREG MEMPHIS

Memphis Firefighter Association President Thomas Malone said he’s not confident in a recent study the city of Memphis had completed by PricewaterhouseCoopers on the city’s pension plan.

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