Financial State of the States 2020

September 22, 2020

**To read the full report, please click here to download the PDF**

Truth in Accounting has released its eleventh annual Financial State of the States report, a nationwide analysis of the most recent state government financial information. This comprehensive analysis surveys the fiscal health of the 50 states prior to the coronavirus pandemic. The report found that 39 states did not have enough money to pay all of their bills. Most of the states were ill-prepared for any crisis, much less one as serious as what we are currently facing. Total debt among the 50 states amounted to $1.4 trillion at the end of the fiscal year 2019, which will only worsen as the states face varying and unpredictable effects from the global pandemic.

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