Truth in Accounting

Minnesota

TIA Data

2022 Financial State of Minnesota (Released 10/11/2023)

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Minnesota owns more than it owes.
Minnesota's Taxpayer Surplus™ is $4,300, and it received a "B" from TIA.
Minnesota 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.
Minnesota has $40.2 billion of assets available to pay the state's bills totaling $31.3 billion.
Minnesota has $8.9 billion available after bills have been paid, which breaks down to $4,300 per taxpayer.
Minnesota's reported net position is understated by $2.4 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 169 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Minnesota

2020 Financial State of Minnesota

2019 Financial State of Minnesota

2018 Financial State of Minnesota

2017 Financial State of Minnesota

2016 Financial State of Minnesota

2015 Financial State of Minnesota

2014 Financial State of Minnesota

2013 Financial State of Minnesota

2012 Financial State of Minnesota

2011 Financial State of Minnesota

2010 Financial State of Minnesota

2009 Financial State of Minnesota

City and Other Municipal Reports

Financial State of Minneapolis

Financial State of Saint Paul

Other Resources

Minnesota Annual Comprehensive Financial Reports

Publishing Entity: Minnesota Management and Budget

IN THE NEWS
Financial Transparency Score 2024

APRIL 23, 2024

Truth in Accounting has once again created a transparency score for the financial reporting by state governments to encourage the publication of transparent and accurate government financial information.

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