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Truth in Accounting has released a new report that scores each state government based on how transparent they are to the public about their finances.
TIA’s “Financial Transparency Score” analysis takes into account a range of transparency indicators, from whether a state used an independent auditor to examine its comprehensive annual financial report to how accessible these reports are online. The criteria used to calculate a state's score adheres to best practices in private-sector accounting.
While no state earned a perfect score of 100, three states tied for first place in fiscal transparency with a score of 88. Connecticut ranked last in the nation, earning a score of 50.