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.
It's not as simple as you might think
Our fourth annual report on the financial condition of the nation's 75 largest cities.
Growing retirement benefits and poor investment returns are at the heart of San Jose’s ballooning pension obligations — which are projected to drain an average of $340 million a year from the general fund over the next decade — according to a Santa Clara County Civil Grand Jury investigation the City Council plans to discuss at Tuesday’s meeting.
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.
By Kyle Glazier, includes "Retirement Security Initiative, an advocacy group for fairness and solvency in public sector retirement plans, is taking issue with a University of California report that argues that fully funding pensions may be a "misguided" goal.
By Mike McPhate, includes "In 2015, five San Jose police officers each made more than $400,000. A payroll error?
By Alicia Munnell, includes “… On the other hand, five states – Illinois, New Jersey, Connecticut, Hawaii, and Kentucky – face payments in excess of 25 percent of revenue …
The situation is gravest in Illinois ...