Truth in Accounting
North Carolina

TIA Data

2021 Financial State of North Carolina (Released 10/25/2022)

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North Carolina owns more than it owes.
North Carolina's Taxpayer Surplus™ is $2,100, and it received a "B" from TIA.
North Carolina 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.
North Carolina has $50.2 billion of assets available to pay the state's bills totaling $43.7 billion.
North Carolina has $6.5 billion available after bills have been paid, which breaks down to $2,100 per taxpayer.
North Carolina's reported net position is understated by $1.8 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 161 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of North Carolina

2019 Financial State of North Carolina

2018 Financial State of North Carolina

2017 Financial State of North Carolina

2016 Financial State of North Carolina

2015 Financial State of North Carolina

2014 Financial State of North Carolina

2013 Financial State of North Carolina

2012 Financial State of North Carolina

2011 Financial State of North Carolina

2010 Financial State of North Carolina

2009 Financial State of North Carolina

City and Other Municipal Reports

Financial State of Charlotte

Financial State of Greensboro

Financial State of Raleigh

Other Resources

North Carolina Comprehensive Annual Financial Reports

Publishing Entity: Office of the State Controller

IN THE NEWS

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