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.
The northeastern United States was badly ravaged by the Covid-19 pandemic. The five states with the highest Covid-19 deaths per capita to date are New Jersey, New York, Connecticut, Massachusetts, and Rhode Island; if the District of Columbia were a state, it would place sixth.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
“… Lackluster results from some money managers was one reason the City Council in December 2017 voted to consolidate oversight of the general employees, police and fire retirement funds under a single board. … The city also said the move would improve transparency, so the public could be confident that the funds were being safeguarded. So far, the new board has failed to deliver on either count …”
A year and a half after the first pitch at SunTrust Park, Cobb has yet to account for tens of millions of dollars in stadium construction work and officials haven’t independently confirmed a final price tag on the county’s largest, most controversial public works project.
The modest subsidy of public school alternatives is now the only way to both rescue government public pension plans — the cumulative underfunding of which has been estimated as high as $6 trillion — and thus keep promised benefits reasonably intact.
The new year has brought a civil war between the city of Atlanta and two of its three pension boards.
Using State Data Lab and a handful of other sources, we've picked out a list of "Top 5" cities for Amazon's second headquarters.
The Georgia Supreme Court Monday unanimously upheld pension reforms adopted by the Atlanta City Council four years ago.