Truth in Accounting

Iowa

TIA Data

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

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Iowa owns more than it owes.
Iowa has a $8,400 Taxpayer Surplus.™
Iowa 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.
Iowa has $21.9 billion of assets available to pay the state's bills totaling $12 billion.
Iowa has $9.9 billion available after bills have been paid, which breaks down to $8,400 per taxpayer.
Iowa's reported net position is understated by $884 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Iowa

2021 Financial State of Iowa

2020 Financial State of Iowa

2019 Financial State of Iowa

2018 Financial State of Iowa

2017 Financial State of Iowa

2016 Financial State of Iowa

2015 Financial State of Iowa

2014 Financial State of Iowa

2013 Financial State of Iowa

2012 Financial State of Iowa

2011 Financial State of Iowa

2010 Financial State of Iowa

2009 Financial State of Iowa

Other Resources

Iowa Annual Comprehensive Financial Reports

Publishing Entity: Iowa Department of Administrative Services

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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