Truth in Accounting
West Virginia

TIA Data

2021 Financial State of West Virginia (Released 10/25/2022)

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West Virginia owns more than it owes.
West Virginia's Taxpayer Surplus™ is $1,800, and it received a "B" from TIA.
West Virginia 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.
West Virginia has $12.5 billion of assets available to pay the state's bills totaling $11.5 billion.
West Virginia has $930.2 million available after bills have been paid, which breaks down to $1,800 per taxpayer.
West Virginia's reported net position is overstated by $200.8 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 170 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of West Virginia

2019 Financial State of West Virginia

2018 Financial State of West Virginia

2017 Financial State of West Virginia

2016 Financial State of West Virginia

2015 Financial State of West Virginia

2014 Financial State of West Virginia

2013 Financial State of West Virginia

2012 Financial State of West Virginia

2011 Financial State of West Virginia

2010 Financial State of West Virginia

2009 Financial State of West Virginia

Other Resources

West Virginia Comprehensive Annual Financial Reports

Publishing Entity: Department of Administration - Finance Division

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