Truth in Accounting

North Dakota

TIA Data

2023 Financial State of North Dakota (Released 10/03/2024)

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North Dakota owns more than it owes.
North Dakota has a $55,600 Taxpayer Surplus.™
North Dakota 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.
North Dakota has $26.2 billion of assets available to pay the state's bills totaling $9.6 billion.
North Dakota has $16.6 billion available after bills have been paid, which breaks down to $55,600 per taxpayer.
North Dakota's reported net position is overstated by $395.4 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 167 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of North Dakota

2021 Financial State of North Dakota

2020 Financial State of North Dakota

2019 Financial State of North Dakota

2018 Financial State of North Dakota

2017 Financial State of North Dakota

2016 Financial State of North Dakota

2015 Financial State of North Dakota

2014 Financial State of North Dakota

2013 Financial State of North Dakota

2012 Financial State of North Dakota

2011 Financial State of North Dakota

2010 Financial State of North Dakota

2009 Financial State of North Dakota

Other Resources

North Dakota Annual Comprehensive Financial Reports

Publishing Entity: Office of Management and Budget

IN THE NEWS
North Dakota, Minnesota tops in nation for 'taxpayer truth in accounting'

DECEMBER 7, 2024 | DAILY NEWS

The 15th annual Financial State of the States report compiled by Truth in Accounting and the report shows 27 states did not have enough money to pay their bills.

However, North Dakota finished No. 1 of all 50 states with an “A” grade and Minnesota was ranked 11th with a “B” grade.

The 144-page final report provides a comprehensive analysis of the fiscal health of all 50 states.

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