If one wants to know about the finances of a state or local government — do not go first to the annual budget or the annual financial statements. Instead, obtain the latest bond prospectus — also referred to as the official statement
One night recently, in a moment of unusual calm, I sat down to read the 2019 Annual Report of the Indiana Department of Revenue
OPERS joins the rest of Ohio’s public employee pensions in making benefit cuts,
Cook County Assessor Fritz Kaegi on Tuesday pushed back at critics in the development community
Soaring public pension costs are driving a wave of tax hikes across California, but many officials are reluctant to
A Chicago financial watchdog group — Truth-in-Accounting — puts out daily reports about the financial health of various cities and states, including Illinois.
In Chicago, “they do things they don’t do on Broadway,” goes that Frank Sinatra song, My Kind of Town. They also do things they don’t do on Main Street, and for good reason.
Chicago taxpayers spent nearly $210 million on police and fire overtime last year — and another $33.7 million on lump-sum payments to departing employees, most of them police officers, records show.
Four Southern California cities have been identified among the worst in the state for managing debt in an annual financial report conducted by an Orange County lawmaker.
Later this year, New Jersey will begin a planned lowering of the public-employee pension system’s assumed rate of return for its long-term investments.