The state of Tennessee has more than enough money to pay its bills, according to the 2025 Financial State of the States report released Thursday by Truth in Accounting.
The state has $25.3 billion to cover its indebtedness, which is just $21.4 billion, according to the report.
The surplus per taxpayer is $10,900, earning the state an A from the organization.
"Tennessee’s overall financial position improved in 2024 thanks to higher cash balances, capital assets, and strong investment return," the report said. "Business activities also helped with a new water and wastewater fund and better performance in the employment security fund."
