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. 

It's not as simple as you might think

Two of North Carolina’s major cities are among a dozen of the nation's 75 most populous cities with a financial surplus, according to a new report. Charlotte ranked third and Raleigh ranked 11th in the Truth in Accounting's new Financial State of the Cities report released last week.

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

Truth In Accounting take a look at the similarities and differences among the Top 5 "Sunshine Cities." 

By William Patrick, in partnership with Watchdog.org, includes “… According to Truth in Accounting, a Chicago-based fiscal watchdog, 95 percent of the largest cities in America have financial obligations in excess of assets available to pay for them.