At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.
"A new report from the nonpartisan organization truth in accounting reveals the fiscal condition of each state, Maryland received a "D" ranking.
CEO of Openthebooks.com, Adam Andrzejewski, joins Fox45 Morning Show to break this down for us."
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 Keith Daniels, includes “… Christopher Summers, a public policy expert at the Maryland Public Policy Institute, says the pandemic only complicates financial matters for a city reeling from financial troubles long before the pandemic's nearly one-year grip. One example includes a study by the non-profit ‘Truth in Accounting’ released in January last 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.
Citing a lack of transparency and communication from Baltimore County Public Library leadership and seeking health care benefits for almost half the library system’s workforce, library employees are trying to unionize.
State government recently closed out the books for the fiscal year that ended on June 30 with some marginally good news: Things weren’t as bad as some had initially expected.
A restaurant owner said Tuesday that she can't get employees to return to work because they make more in unemployment benefits than in working for her business.
Baltimore city leaders are learning how much damage the recent pandemic is expected to take on the city budget.
In so many ways, Baltimore City is like a troubled kid. From the water billing fiasco to the mayor’s resignation over a corruption scandal, the city creates one problem after another and depends on massive state allowances for survival.
Among the 75 most populous cities in the U.S., Baltimore ranks 66th for the state of its finances, having $16,000VARIABLE 4 in liabilities
Our fourth annual report on the financial condition of the nation's 75 largest cities.
Baltimore has filed two antitrust lawsuits in eight days, alleging price-fixing by big banks and hoping to turn both proceedings into class action suits that seek billions in damages for governments and pension plans.
As Aaron Tomarchio drives across the site of Tradepoint Atlantic in southeastern Baltimore County, the SUV lurches over what only vaguely resemble roads.
With a Republican president and a Republican Congress, raising the debt ceiling should be no big deal. But what about this Republican president and this Republican Congress? In a battle of dysfunction, America’s economy stands on the brink.
City auditor Robert McCarty said a review of the city's 2015 finances brought the issue to light.
By Alicia Munnell, includes “… On the other hand, five states – Illinois, New Jersey, Connecticut, Hawaii, and Kentucky – face payments in excess of 25 percent of revenue …