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.
Interview with Sheila Weinberg, text intro includes “San Diego taxpayers are on the hook for lots of education money.”
Truth in Accounting has released a new analysis of the 10 most populous U.S. cities that includes their largest underlying government units.
By Alix Olliver, includes “Last month, California Superior Court Judge Richard Strauss ruled San Diego’s 2012 pension reform effort, Proposition B should be invalidated. Nearly a decade ago, San Diego voters approved Proposition B as a way to help the city’s struggling finances by replacing San Diego’s public pension plan with a defined-contribution retirement plan …”
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 fire comes in the form of a $6.5 billion cut to schools’ main source of funding as well as other reductions in Gov. Gavin Newsom’s revised budget that, if enacted, would mean single-year reductions to public education greater than those experienced during the Great Recession a decade ago, according to advocates.
Truth in Accounting has released a new report on the 10 largest U.S. cities. The City Combined Taxpayer Burden report analyzes the finances of each city, its county, state, and underlying government units.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
SAN DIEGO, CA -- As students return to classrooms this month for another year of reading, writing and arithmetic, school districts in San Diego County will be grappling with math problems of their own: How to make ends meet in an era of escalating costs.
As students return to classrooms this month for another year of reading, writing and arithmetic, school districts in San Diego County will be grappling with math problems of their own: How to make ends meet in an era of escalating costs.
TIA's new analysis of the 10 most populous U.S. cities and their largest local government units shows you're on the hook for more debt than you think.
Gov. Jerry Brown’s recent declaration that local governments are on their own in dealing with the huge costs of overly generous pensions has a surface logic to it.
When it comes to pension funding solutions, city size and geography matter.
Private schools educate students far more cheaply than public ones do.
I got several emails over my recent post on the never-fully-funders advocates with respect to public pensions.
The opinion piece “Why full funding of public pensions wastes money” (Sept. 15) was very disturbing.