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.
By Robert Davis (The Center Square), includes “Aurora and Colorado Springs are in ‘healthy financial condition’ while Denver is in ‘bad fiscal shape,’ according to a new report on the financial health of the 75 largest cities in the U.S. … ”
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.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
The report’s analysis of Colorado states that “repeated decisions by state officials have left the state with a staggering debt burden of $7.7 billion.”
Colorado Springs’ mayor and chief financial officer disputed this week a report that claimed Colorado Springs has a debt burden of more than $504 million, or $3,100 per taxpayer, and gave the city a ‘C’ grade for financial health.
By Joey Bunch, includes “Colorado Springs earns its fiscally conservative reputation, with the 15th lowest taxpayer burden among the country’s 50 most populous cities, according to a new report by the nonprofit Truth in Accounting (TIA).