At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.
This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.
Truth in Accounting has released its sixth annual Financial State of the Cities report.
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.
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.
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.
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.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
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.
Certain influential state legislators, and staff at New Mexico’s pension funds themselves, have recently proposed “fixes” for our pensions.
When you’re $700 million in the red, something’s got to give. Will it be pay cuts or fewer jobs for public employees?