Truth in Accounting
Florida

TIA Data

2022 Financial State of Florida (Released 10/11/2023)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Florida owns more than it owes.
Florida's Taxpayer Surplus™ is $2,500, and it received a "B" from TIA.
Florida is a Sunshine State 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.
Florida has $98.2 billion of assets available to pay the state's bills totaling $79.9 billion.
Florida has $18.4 billion available after bills have been paid, which breaks down to $2,500 per taxpayer.
Florida's reported net position is understated by $6.9 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 270 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Florida

2020 Financial State of Florida

2019 Financial State of Florida

2018 Financial State of Florida

2017 Financial State of Florida

2016 Financial State of Florida

2015 Financial State of Florida

2014 Financial State of Florida

2013 Financial State of Florida

2012 Financial State of Florida

2011 Financial State of Florida

2010 Financial State of Florida

2009 Financial State of Florida

City and Other Municipal Reports

Financial State of Jacksonville

Financial State of Miami

Financial State of Orlando

Financial State of Tampa

Other Resources

Florida Annual Comprehensive Financial Reports

Publishing Entity: Division of Accounting and Auditing

IN THE NEWS
On the Brink of Financial Collapse: 10 Cities In Serious Danger of Bankruptcy

JUNE 6, 2023 | MSN | by Ben Rice

"Sobering Statistics 

The study, called Financial State of the Cities 2023, was done by Truth in Accounting. It has some difficult truths: 50 out of 75 cities could not pay their bills; the combined debt for all 75 cities is $267 billion. Moreover, elected officials didn’t include the cost of government in this figure, instead pushing it onto future taxpayers."

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