Truth in Accounting

Tennessee

TIA Data

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

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Tennessee owns more than it owes.
Tennessee has a $9,600 Taxpayer Surplus.™
Tennessee 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.
Tennessee has $43.9 billion of assets available to pay the state's bills totaling $19.8 billion.
Tennessee has $24.1 billion available after bills have been paid, which breaks down to $9,600 per taxpayer.
Tennessee's reported net position is overstated by $1.7 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Tennessee

2021 Financial State of Tennessee

2020 Financial State of Tennessee

2019 Financial State of Tennessee

2018 Financial State of Tennessee

2017 Financial State of Tennessee

2016 Financial State of Tennessee

2015 Financial State of Tennessee

2014 Financial State of Tennessee

2013 Financial State of Tennessee

2012 Financial State of Tennessee

2011 Financial State of Tennessee

2010 Financial State of Tennessee

2009 Financial State of Tennessee

City and Other Municipal Reports

Financial State of Memphis

Financial State of Nashville

Other Resources

Tennessee Annual Comprehensive Financial Reports

Publishing Entity: Tennessee Department of Finance and Administration

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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