Financial State of the Cities 2024

FEBRUARY 15, 2024

At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.

Financial State of the Cities 2023

FEBRUARY 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.

Financial State of the Cities 2022

JANUARY 25, 2022

Truth in Accounting has released its sixth annual Financial State of the Cities report.

PRESS RELEASE: Majority of U.S. cities finances worsened during beginning of COVID-19 pandemic

JANUARY 24, 2022

Despite receiving federal assistance from the CARES Act and other COVID-19 related grants, the majority of cities’ finances worsened. Total debt among the 75 largest U.S. cities amounted to $357 billion at the end of the fiscal year 2020, which was $23.5 billion worse than the last fiscal year.

Majority of U.S. cities ill-prepared for COVID-19 pandemic

JANUARY 26, 2021

The 2021 Financial State of the Cities (FSOC) surveys the fiscal health of the 75 largest municipalities in the United States. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.

Financial State of the Cities 2021

JANUARY 26, 2021

Our fifth annual Financial State of the Cities report. This analysis surveys the fiscal health of the 75 most populated US cities prior to the coronavirus pandemic. 

If we forgive debt, let’s get real on athletics funding

FEBRUARY 25, 2020 | ALBUQUERQUE JOURNAL (NEW MEXICO)

There are few who can match the credentials of Sen. John Arthur Smith, D-Deming, when it comes to responsible government finances and being a good steward of public funds.

2020 Financial State of the Cities

JANUARY 28, 2020

Our fourth annual report on the financial condition of the nation's 75 largest cities. 

New Mexico retirees question math in proposed pension fix

AUGUST 21, 2019 | ALBUQUERQUE JOURNAL (NEW MEXICO) | by Dan McKay

A coalition of retirees is turning to an unusual argument as it pushes back on plans to overhaul New Mexico’s underfunded pension system for public employees.

State should start investing pension funds in a ‘boring, responsible’ manner

NOVEMBER 29, 2017 | ALBUQUERQUE JOURNAL | by Dan Secrist

Certain influential state legislators, and staff at New Mexico’s pension funds themselves, have recently proposed “fixes” for our pensions.

Editorial: Advance work necessary to balance state’s budget

AUGUST 22, 2016 | ALBUQUERQUE JOURNAL

When you’re $700 million in the red, something’s got to give. Will it be pay cuts or fewer jobs for public employees?