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.
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.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
State lawmakers are coming to the aid of the financially embattled Oakland Unified School District, which is bracing for the effects of budget cuts over the next three years.
OAKLAND, CA — The Alameda County Grand Jury says in its annual report that the city of Oakland's unfunded retiree healthcare benefits are an $860 million "crisis" that is starting to undermine the city's fiscal health and could cause its bond ratings to be downgraded.
Politicians often like to kick the can down the road when it comes to debt. Few things illustrate that better than the large pension deficits many state and local governments around the country are now facing.
If Forbes’ latest ranking of National Football League franchise values is any indication, the owners of the Oakland Raiders, San Diego Chargers and St. Louis Rams – all competing to move to the Los Angeles area – figure to find a goldmine here. At an estimated $4 billion, the Dallas Cowboys are the world’s most valuable sports team. Large-market teams round out the NFL’s value top five. An L.A. team would be poised to join that top tier.