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.
By Zachary Christensen and Jordan Campbell (Reason Foundation), includes “Public pension debts from three major municipal plans in Nebraska are approaching $1 billion, and an analysis of Omaha’s two municipal systems and Lincoln’s public safety plan suggest that this shortfall is likely to continue to expand unless policymakers make meaningful changes to how the city funds and manages the retirement plans.”
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.
Businesses, charities and individuals suffering from the economic effects of COVID-19 can soon apply for a new round of state aid, Gov. Pete Ricketts announced Monday.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
What is identified in the corporate world as investment is often identified politically as spending when it occurs in the public sector.
LINCOLN — Online shoppers won’t be forced to pay Nebraska sales taxes this year after the Legislature killed an Internet tax proposal on Thursday.
Truth In Accounting take a look at the similarities and differences among the Top 5 "Sunshine Cities."