Source: Truth in Accounting
Latest Data: 2023
Release Timing: Following Year
Frequency: Annual
Contact: Sheila Weinberg, 847-835-5200, sweinberg@truthinaccounting.org

Total bills represents TIA's calculation of all of the liabilities of a government, including retirement debt that is often left off of the balance sheet. It is the sum of the state bonds, other liabilities, unfunded pension benefits due, and unfunded retirees’ health care benefits due, minus the debt related to capital assets. Debt related to capital assets is removed because capital assets are not included in the assets available to pay bills.