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. … ”
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 Conrad Swanson, includes “In the COVID-19 pandemic, the very definition of a public health crisis, Denver spent less than 5% of federal stimulus money on public health itself. …”
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.
The financial impact of the coronavirus pandemic is so severe that an injection this past week of more than $1 billion of federal funds into Colorado’s economy to battle the disease may prove to be little more than a Band-Aid for hard-hit cities and counties facing a sudden fiscal crisis.
Christopher Clark was elected mayor last year, pledging to seek business tax reductions and lower water bills. They were popular goals that seemed in reach given that city revenues had been rising almost every year since the recession.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
A U.S. appeals court in Denver said Electoral College members can vote for the presidential candidate of their choice and aren't bound by the popular vote in their states.
I focus on the existence, stability, and characteristics of SS. Contrary to the implication of the “80 percent standard,” there is a continuum of stable steady states, with lower funding standards corresponding to higher contribution rates.
The loudest rallying cries from Colorado teachers protesting for more education dollars were about dwindling paychecks that are steadily losing ground to the state’s rising cost of living.
Acting as a substitute for Social Security, PERA provides retirement and other benefits to the employees of more than 500 government agencies and public entities in the state of Colorado
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.”
Two of the most significant pieces of the budget plan appear to reflect a desire to leave his successor a solid financial foundation to build upon.