Truth in Accounting
Iowa

TIA Data

2021 Financial State of Iowa (Released 10/25/2022)

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Iowa owns more than it owes.
Iowa's Taxpayer Surplus™ is $5,000, and it received a "B" from TIA.
Iowa 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.
Iowa has $14.7 billion of assets available to pay the state's bills totaling $9.3 billion.
Iowa has $5.3 billion available after bills have been paid, which breaks down to $5,000 per taxpayer.
Iowa's reported net position is overstated by $115.8 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 401 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of Iowa

2019 Financial State of Iowa

2018 Financial State of Iowa

2017 Financial State of Iowa

2016 Financial State of Iowa

2015 Financial State of Iowa

2014 Financial State of Iowa

2013 Financial State of Iowa

2012 Financial State of Iowa

2011 Financial State of Iowa

2010 Financial State of Iowa

2009 Financial State of Iowa

Other Resources

Iowa Comprehensive Annual Financial Reports

Publishing Entity: Iowa Department of Administrative Services

IN THE NEWS

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