Truth in Accounting

North Dakota

TIA Data

2022 Financial State of North Dakota (Released 10/11/2023)

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North Dakota owns more than it owes.
North Dakota's Taxpayer Surplus™ is $47,400, and it received an "A" from TIA.
North Dakota 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.
North Dakota has $23.4 billion of assets available to pay the state's bills totaling $10.5 billion.
North Dakota has $12.8 billion available after bills have been paid, which breaks down to $47,400 per taxpayer.
North Dakota's reported net position is understated by $354.7 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 197 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of North Dakota

2020 Financial State of North Dakota

2019 Financial State of North Dakota

2018 Financial State of North Dakota

2017 Financial State of North Dakota

2016 Financial State of North Dakota

2015 Financial State of North Dakota

2014 Financial State of North Dakota

2013 Financial State of North Dakota

2012 Financial State of North Dakota

2011 Financial State of North Dakota

2010 Financial State of North Dakota

2009 Financial State of North Dakota

Other Resources

North Dakota Annual Comprehensive Financial Reports

Publishing Entity: Office of 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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