Truth in Accounting

West Virginia

TIA Data

2023 Financial State of West Virginia (Released 10/03/2024)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
West Virginia owns more than it owes.
West Virginia has a $2,600 Taxpayer Surplus.™
West Virginia 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.
West Virginia has $14.9 billion of assets available to pay the state's bills totaling $13.4 billion.
West Virginia has $1.5 billion available after bills have been paid, which breaks down to $2,600 per taxpayer.
West Virginia's reported net position is overstated by $997 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 168 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of West Virginia

2021 Financial State of West Virginia

2020 Financial State of West Virginia

2019 Financial State of West Virginia

2018 Financial State of West Virginia

2017 Financial State of West Virginia

2016 Financial State of West Virginia

2015 Financial State of West Virginia

2014 Financial State of West Virginia

2013 Financial State of West Virginia

2012 Financial State of West Virginia

2011 Financial State of West Virginia

2010 Financial State of West Virginia

2009 Financial State of West Virginia

Other Resources

West Virginia Annual Comprehensive Financial Reports

Publishing Entity: WV Department of Administration Finance Division

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.

COMPARE THIS DATA WITH OTHER STATES    VIEW MORE CHART TOOLS

VIEW LESS