Source: Truth in Accounting
Latest Data: 2023
Frequency: Annual

Truth in Accounting evaluates each state's financial condition in its annual "Financial State of the States" report and evaluates the financial condition of the top 75 cities in its annual "Financial State of the Cities" report. The taxpayer burden (or surplus) of each state and city is calculated and a grade is given based on the following scale:

• A          Taxpayer Surplus > $10,000
• B          Taxpayer Surplus = $1 - $9,999
• C          Taxpayer Burden = $0 - $4,999
• D          Taxpayer Burden = $5,000 - $20,000
• F           Taxpayer Burden > $20,000

The following index should be used to convert the numerical value in our database to the grade.

• 5 = A
• 4 = B
• 3 = C
• 2 = D
• 1 = F