• Updated

(The Center Square) – Only 11 states reported a taxpayer surplus at the end of the fiscal year 2019, the 11th annual Financial State of the States report published Tuesday by Truth in Accounting (TIA) found. The majority, 39 states, did not have enough money to pay their bills and were ill-prepared for any crisis, let alone economic free falls resulting from state shutdowns implemented to slow the spread of the coronavirus.