Financial State of the Cities 2024

FEBRUARY 15, 2024

At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.

Financial State of the Cities 2023

FEBRUARY 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.

Financial State of the Cities 2022

JANUARY 25, 2022

Truth in Accounting has released its sixth annual Financial State of the Cities report.

PRESS RELEASE: Majority of U.S. cities finances worsened during beginning of COVID-19 pandemic

JANUARY 24, 2022

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.

Majority of U.S. cities ill-prepared for COVID-19 pandemic

JANUARY 26, 2021

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.

Financial State of the Cities 2021

JANUARY 26, 2021

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. 

2020 Financial State of the Cities

JANUARY 28, 2020

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

Holcomb calls for speeded-up pension payments to free up money for teacher pay

JANUARY 15, 2020 | WIBC 93.1FM (INDIANA) | by Eric Berman

For a second straight year, Governor Holcomb is proposing to free up money for teachers by paying down pension debt.

‘Clubby' culture helped push Indiana trucking firm into ruin

JANUARY 8, 2020 | CLAIMS JOURNAL | by Greg Andrews

 Here’s something you can be sure Franklin College won’t be highlighting in its student-recruitment marketing: All three of the former Celadon Group Inc. executives charged this year in what prosecutors call a sweeping accounting fraud graduated from the tiny liberal arts school from 2002 to 2006.

Public pensions not at risk if Hoosiers ratify balanced budget amendment to Indiana Constitution


INDIANAPOLIS — Former state Sen. Brandt Hershman, R-Buck Creek, isn't running for office this year, but lately he's been spending a lot of time knocking down misconceptions about a ballot question that he helped put before Hoosier voters.

Indiana constitutional amendment ballot question sparks confusion

OCTOBER 25, 2018 | WISH-TV (INDIANA) | by David Williams

A constitutional amendment question on the Nov. 6 ballot is confusing to some Hoosiers. 

Positions that watch over state finances up for grabs


The auditor pays the state's bills while the treasurer invests the state's revenue. Both have additional programs to oversee as well. Each office has an annual salary of about $82,500 and the term lasts four years.