Truth in Accounting

Washington, D.C.

2016 Financial State of Washington, DC (Released 1/24/2018)

Washington, DC's Taxpayer Surplus™ is $1,300, and it received a "B" from TIA.
Washington, DC is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have led to a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement accounts for all assets and liabilities, including pension and retiree healthcare debt.
Washington, DC has $5 billion of assets available to pay the state's bills totaling $4.7 billion.
Washington, DC has $346.8 million available after bills have been paid, which breaks down to $1,300 per taxpayer.
Unlike most city governments, Washington, DC reports all of its retirement obligations on its balance sheet.
The city's financial report was released 117 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Washington, DC

Other Resources

Washington, DC Comprehensive Annual Financial Reports

Publishing Entity: Office of the Chief Financial Officer

IN THE NEWS
Beltway BS on ‘speaking truth to power’

NOVEMBER 15, 2018 | JAMES BOVARD

Lying and piety go together in Washington like ham and eggs. After 9/11, a profusion of government falsehoods on Iraq and other topics ravaged official credibility. The political class responded with an endless profusion of promises to “speak truth to power.” Unfortunately, there are far more Washingtonians praising honesty than there are honest politicians.

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