Truth in Accounting

Washington, D.C.

TIA Data

2017 Financial State of Washington, DC (Released 1/29/2019)

 
Washington, DC's Taxpayer Surplus.™ is $3,300, and received a "B" from TIA
Washington, DC is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Washington, DC has $5 billion of assets available to pay the state's bills totaling $4.1 billion.
Washington, DC has $872 million available after bills have been paid, which breaks down to $3,300 per taxpayer.
Washington, DC's reported net position is understated by $353 million, largely because the city delays recognizing gains resulting from decreases in the net pension liability.
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

2016 Financial State of Washington, DC

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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