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 Elle Lubelle, includes “… Congestion pricing is a broad term for a system that charges people based on the use of a roadway. The specific type under consideration for San Francisco is ‘cordon pricing'..."
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.
In San Francisco, as in any good utopia, culture matters. It’s the cost that does not seem to matter. Whether the show goes on or not; the paychecks continue to go out. The taxpayers get to foot the bill… whether or not they receive value.
The San Francisco Bay Area is home to wonders of the modern world like the Golden Gate Bridge and Silicon Valley — as well as powerful progressive politicians like House Speaker Nancy Pelosi, Governor Gavin Newsom, and U.S. Senator (and vice-presidential hopeful) Kamala Harris.
On a drizzly San Francisco day in December, Eric Ries is stationed inside the Succession-worthy offices of Orrick, Herrington & Sutcliffe. Here, at the billion-dollar law firm — whose clients include Oracle, Microsoft, Intel, Cisco, Pinterest, and Stripe
When San Francisco voters head to the polls on March 3 they’ll see a seemingly innocuous measure on the ballot that raises a big question: If a local government becomes insolvent, should another public entity take on its employee retirement obligations?
Citing destructive wildfires and mass blackouts that have plagued Northern California for years, a state senator proposed legislation Monday that would turn the nation’s largest private utility into a publicly owned entity.
Our fourth annual report on the financial condition of the nation's 75 largest cities.
The 38th Annual J.P. Morgan Healthcare Conference is being held this week in San Francisco.
Imagine your business could treat borrowings as revenues, avoid cost recognition by not paying expenses and report less debt than actually owed.
Gavin Newsom is running for Governor in California, and he’s already bragging about his plans to drive the state into financial oblivion.
San Francisco Fed President John Williams, who will take over the helm at the New York Federal Reserve Bank in June, gave the clearest indication yet that the Federal Reserve plans to run price inflation "hot" by allowing it to climb above 2% without attempting to battle it.
San Francisco Unified School District recently published its 2017 Financial Report and Second Interim Reports for 2017–18 here and here. The results are startling:
But today, we are going to focus on the two most important things we can do right now to address this crisis, not short-term gimmicks but genuine solutions.
Jurisdictions controlled by Democrats have nearly three times the obligation as those with Republican mayors — bills will have to be paid sooner or later.