Texas earns score of 80 out of 100 on financial transparency

Texas received a transparency score 80 out of 100 in an analysis of state governments’ annual financial reports by the nonprofit organization, Truth in Accounting (TIA).

Texas ranked 31 out of 50 states based on a ranking of 100 points being the most transparent.

The score is based on the state’s financial records having a “clean (passing) independent auditor opinion” (50 points), no confusing deferred items listed on their balance sheets (10 points), including retirement liabilities (10 points), publishing their reports in a timely manner within 100 days of a fiscal year’s end (10 points), online accessibility (five points), navigable links (five points), using an external auditor (five points) and pension data timing (five points).

On average, state transparency scores increased six points over the previous fiscal year due to requirements on including worker retirement liabilities, the TIA analysis found. The study used fiscal-year 2018 data, which was the latest year available.

States’ Financial Transparency Scores, From Best to Worst

Rank State Auditor Opinion Deferred Items Off-Balance Sheet Liabilities Timeliness Accessibility Navigation External Auditors Pension Data Timing Total Transparency Score
1 Idaho 50 9 10 8 3 4 2 2 88
1 North Dakota 50 9 10 8 2 5 2 2 88
1 Nevada 50 8 10 6 3 4 5 2 88
4 Utah 50 7 10 8 4 5 2 1 87
4 Virginia 50 9 10 8 4 4 0 2 87
4 West Virginia 50 5 10 8 4 3 5 2 87
4 Wyoming 50 9 8 8 3 3 5 1 87
8 Indiana 50 9 10 8 3 2 2 2 86
8 Maine 50 7 10 8 3 4 2 2 86
8 South Carolina 50 8 6 10 4 1 5 2 86
8 Tennessee 50 9 10 8 3 4 0 2 86
8 Oregon 50 9 10 8 2 3 2 2 86
8 Washington 50 9 8 8 3 4 2 2 86
14 Georgia 50 7 10 6 3 5 2 2 85
14 Maryland 50 3 10 8 2 2 5 5 85
14 Pennsylvania 50 7 7 8 3 5 5 0 85
14 South Dakota 50 8 10 6 4 3 2 2 85
18 Massachusetts 50 4 10 6 3 4 5 2 84
18 Arizona 50 8 10 4 4 4 2 2 84
18 Hawaii 50 5 10 8 3 1 5 2 84
21 Delaware 50 4 10 8 3 1 5 2 83
21 New York 50 9 5 8 2 2 5 2 83
23 Iowa 50 8 10 8 2 2 0 2 82
23 Kansas 50 9 4 8 3 1 5 2 82
23 Mississippi 50 8 10 2 4 4 2 2 82
23 New Hampshire 50 4 10 6 4 1 5 2 82
23 Oklahoma 50 8 5 8 2 5 2 2 82
23 Rhode Island 50 7 10 6 3 4 0 2 82
29 Alabama 50 7 7 6 2 5 2 2 81
29 Colorado 50 5 10 8 2 3 2 1 81
31 Louisiana 50 7 10 6 2 1 2 2 80
31 Texas 50 4 9 6 4 5 0 2 80
33 Minnesota 50 0 10 8 4 5 0 2 79
33 Montana 50 8 9 8 1 1 0 2 79
35 Florida 50 8 10 4 1 3 0 2 78
35 Wisconsin 50 5 6 8 4 4 0 1 78
37 Kentucky 50 1 10 8 2 2 2 2 77
37 Arkansas 50 7 10 6 1 1 0 2 77
39 Ohio 50 6 8 8 1 1 2 0 76
40 Michigan 50 8 4 6 3 2 0 2 75
41 California 50 3 10 0 2 3 2 2 72
41 Illinois 50 0 10 0 4 4 2 2 72
43 New Jersey 50 0 10 0 3 4 2 2 71
44 Missouri 35 7 10 6 4 4 2 2 70
45 Alaska 35 9 10 4 3 4 2 2 69
46 New Mexico 35 7 10 2 1 1 5 2 63
47 Nebraska 35 5 10 6 2 1 0 2 61
48 Vermont 25 5 10 8 4 1 3 2 58
49 North Carolina 25 3 10 8 4 4 0 2 56
50 Connecticut 25 1 10 6 3 3 0 2 50

Source: Truth in Accounting

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