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.
By Jacob Asmussen, includes “Amid record violent crime on the streets, a ‘dire situation’ at the defunded local police department, … Austin Mayor Steve Adler says the state of Texas’ capital city is the ‘strongest in the country.’ … And that doesn’t even mention the city council’s runaway property taxes and spending, with billions of racked-up debt contributing to an affordability crisis for working families …"
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 two hottest U.S. job markets in 2019 were growing Southern state capitals with vibrant music scenes and an influx of technology jobs.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
The Austin Police Department’s retirement system is in considerable trouble, with actuaries predicting that the fund will run out of money within 50 years unless the city and the officers who are members of the system reach an agreement to change current contribution levels, benefits and/or try a more novel approach.
A national watchdog group on Tuesday released a report ranking Texas 32nd among U.S. states in financial health, giving it a “D” grade.
Yet, our elected officials seem reluctant to do anything, and the American people are mostly silent on the subject.
Austin’s largest municipal retirement system is mired in financial trouble, even by its own standard.
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.
Includes "... The TIA debt calculations are conservative, as they do not include municipal bond debt that is tied to fixed assets.