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By David Flemming
Truth in Accounting ranked Vermont 48th out of 50 states in terms of financial transparency. The ranking is a composite score based on eight criteria of different weights.
Vermont scored decently well in “timeliness” of publishing, receiving a seven out of 10 possible points. We also got 10 out of 10 points for “Off-Balance Sheet Liabilities,” but every New England state received a perfect score there as well.
In terms of accessibility, we were nearly perfect with four out of five points. Then again, every New England State got a four, except Rhode Island. “Pension data timing” refers to a state measuring the net pension liability using the same date as the CAFR. Like all New England states, we scored a two out of five in this area, suggesting we can all do better at using the same data. ....

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