Washington

TIA Data

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

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

 
Washington owes more than it owns.
Washington's Taxpayer Burden™ is -$3,200, and it received a "C" from TIA.
Washington is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Washington only has $62.9 billion of assets available to pay bills totaling $72.2 billion.
Because Washington doesn't have enough money to pay its bills, it has a -$9.2 billion financial hole. To fill it, each Washington taxpayer would have to send -$3,200 to the state.
Washington's reported net position is understated by $7.5 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
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

2021 Financial State of Washington

2020 Financial State of Washington

2019 Financial State of Washington

2018 Financial State of Washington

2017 Financial State of Washington

2016 Financial State of Washington

2015 Financial State of Washington

2014 Financial State of Washington

2013 Financial State of Washington

2012 Financial State of Washington

2011 Financial State of Washington

2010 Financial State of Washington

2009 Financial State of Washington

City and Other Municipal Reports

Financial State of Seattle

Other Resources

Washington Annual Comprehensive Financial Reports

Publishing Entity: Office of Financial Management

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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