Truth in Accounting’s (TIA) annual “Financial State of the States” report for 2025 is not good news for Massachusetts taxpayers, whose share of the state’s debt is unimaginable.
The report states, “When states do not have enough money to pay their bills, TIA takes the money needed to pay bills (the shortfall) and divides it by the estimated number of state taxpayers.”
“We call the resulting number a ‘Taxpayer Burden,” says TIA…