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.
AP story by Mark Gillespie and Julie Carr Smyth, includes “The arrests one year ago Wednesday of then-Ohio House Speaker Larry Householder and four associates in connection with an alleged $60 million bribery scheme have rocked business and politics across the state."
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.
During the past year, tens of millions of public dollars have flowed toward construction of the Columbus Crew SC's new Downtown stadium and its Mapfre training facility, but the local officials who approved the payments haven't requested or received any details about how the team spends that money.
Some Ohio lawmakers are pushing for increased oversight of the state’s public pension systems, amid recent moves by some of the systems to cut benefits for hundreds of thousands of current and future retirees.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
COLUMBUS - Ohio businesses now can pay their taxes with check, money order and ... bitcoin. On Monday, Ohio became the first state in the nation to accept the cryptocurrency, bitcoin, for 23 different business taxes ranging from sales tax to severance taxes on oil and gas.
Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags.
Later this year if we’re lucky, some groundwork laid in Columbus this past week could help to steady a precarious national house of cards known as multiemployer pension plans.
Several lawmakers in our region are headed Friday to Columbus, Ohio, to come up with a solution to the pension crisis impacting more than a million Americans and thousands of small businesses across the nation.
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).