Truth in Accounting

Arizona

TIA Data

2023 Financial State of Arizona (Released 10/03/2024)

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Arizona owns more than it owes.
Arizona has a $1,900 Taxpayer Surplus.™
Arizona 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.
Arizona has $24.9 billion of assets available to pay the state's bills totaling $19.9 billion.
Arizona has $5 billion available after bills have been paid, which breaks down to $1,900 per taxpayer.
Arizona's reported net position is overstated by $876.6 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 475 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Arizona

2021 Financial State of Arizona

2020 Financial State of Arizona

2019 Financial State of Arizona

2018 Financial State of Arizona

2017 Financial State of Arizona

2016 Financial State of Arizona

2015 Financial State of Arizona

2014 Financial State of Arizona

2013 Financial State of Arizona

2012 Financial State of Arizona

2011 Financial State of Arizona

2010 Financial State of Arizona

2009 Financial State of Arizona

City and Other Municipal Reports

Financial State of Mesa

Financial State of Phoenix

Financial State of Tucson

Other Resources

Arizona Annual Comprehensive Financial Reports

Publishing Entity: General Accounting Office

IN THE NEWS
Financial State of the States 2024

OCTOBER 3, 2024

Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.

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