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.
Behind its pay wall it says: "A report on the fiscal health of the 75 largest municipalities in the United States gives Cleveland strong marks."
Truth in Accounting has released its sixth annual Financial State of the Cities report.
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.
Government tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
Major league teams used to get everything they wanted from sports-mad cities. Now they have to fight for it -- and increasingly, they’re losing.
Ohio got straight D grades across the board – statewide and its four most populous cities – for their lack of financial health, according to a recent report produced by the Chicago-based organization, Truth in Accounting (TIA).