Truth in Accounting

Wisconsin

TIA Data

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

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

 
Wisconsin owns more than it owes.
Wisconsin has a $1,000 Taxpayer Surplus.™
Wisconsin 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.
Wisconsin has $27.7 billion of assets available to pay the state's bills totaling $25.4 billion.
Wisconsin has $2.3 billion available after bills have been paid, which breaks down to $1,000 per taxpayer.
Wisconsin's reported net position is overstated by $2.6 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 173 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2022 Financial State of Wisconsin

2021 Financial State of Wisconsin

2020 Financial State of Wisconsin

2019 Financial State of Wisconsin

2018 Financial State of Wisconsin

2017 Financial State of Wisconsin

2016 Financial State of Wisconsin

2015 Financial State of Wisconsin

2014 Financial State of Wisconsin

2013 Financial State of Wisconsin

2012 Financial State of Wisconsin

2011 Financial State of Wisconsin

2010 Financial State of Wisconsin

2009 Financial State of Wisconsin

City and Other Municipal Reports

Financial State of Milwaukee

Other Resources

Wisconsin Annual Comprehensive Financial Reports

Publishing Entity: Wisconsin Department of Administration

IN THE NEWS
Milwaukee pension system has $2.1B net liability

NOVEMBER 19, 2024 | THE CENTER SQUARE | by Jon Styf

Earlier this year, Truth in Accounting graded Milwaukee with a “D” for its financial position as it owed $15,300 per taxpayer for its obligations. Any city with an average taxpayer burden of between $5,000 and $20,000 was graded with a “D.”

In 2023, the Milwaukee pension system reported $545.9 million in net investment income and $203.7 million in total contributions as it paid pension benefits of $466.6 million with $8 million in administrative expenses.

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