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.
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.
A quasi-government group’s response to Gov. Andy Beshear’s signature of legislation creating a separate board for the County Employees Retirement System (CERS) — which covers local government workers and classified school personnel — illustrates the wrong-headed mindset at the heart of all of Kentucky pension woes.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
Louisville Metro Government has $4 million in surplus funds from the fiscal year that ended June 30, officials announced Thursday, and Mayor Greg Fischer has some ideas for what to do with it.
Louisville's pension problems are going to continue even longer, thanks to a change adopted by the state's pension board that assumes a longer life expectancy for retirees in the system.
Fischer released a detailed document outlining services and personnel that he said would need to be slashed to pay for state pension contributions.
FRANKFORT, Ky. — The award-winning PBS investigative documentary series "Frontline" takes an in-depth look at the causes and impact of Kentucky’s pension crisis in a report that will air at 10 p.m. Tuesday on KET.
As state legislators debate what changes will fix Kentucky’s debilitated pension system, state and local police are scrambling to recruit officers.
“Kentucky’s taxpayer burden is the result of political double speak,” said Sheila Weinberg, Founder and CEO of TIA.