Truth in Accounting (TIA), formerly known as the Institute for Truth in Accounting, is an American think tank that promotes fiscal transparency and accountability. Its stated goal is "to educate and empower citizens with understandable, reliable, and transparent government financial information." Each September, TIA releases its "Financial State of States" report that takes a deep look into each of the 50 states' Comprehensive Annual Financial Report (CAFR) in order to compare assets with liabilities. "For the first time, a detailed analysis of pension and health care liabilities has exposed all fifty states’ actual obligations," commented Ziyi Mai in The John Locke Foundation's blog, The Locker Room. TIA then ranks the 50 states on the basis of taxpayer burden, which is each taxpayer's share of state debt. More information...
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