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.
From Feb. 5, includes “… We do not know who will win the big game, but we do know which home city is in the best financial position. In the case of financial health we have a clear winner: Tampa. …”
After paying its bills, Tampa does well against other big cities in its budgeting and accounting, according to a report from a national watchdog group.
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.
In February, Rays announced their intention to build a new stadium at the edge of Tampa’s Ybor City.