Truth in Accounting

Truth in Accounting (TIA), formerly known as the Institute for Truth in Accounting, is a right-leaning 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." Publications 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. TIA expanded on its state-level analysis in 2015, moving its analysis to include city-level governments. So far, TIA has analyzed and ranked the twenty largest US cities. By the end of 2016, it had analyzed the 50 largest US cities. Reception