Watchdog group ‘Truth in Accounting’ questions Jacksonville stadium renovation plan

MAY 17, 2024 | FLORIDA POLITICS | by A.G. Gancarski

A national group dedicated to honest accounting and citizen education is not sold on Jacksonville Mayor Donna Deegan’s plan for the Jaguars‘ stadium.

Sheila A. Weinberg, the founder of Truth in Accounting, says the city is neglecting fiscal realities in favor of speculative and elective spending.

Sunburn — The morning read of what’s hot in Florida politics — 5.2.24

MAY 2, 2024 | FLORIDA POLITICS | by Peter Schorsch

"Action News Jax Investigates is looking into whether the City of Jacksonville can afford a new stadium following a new report by a nonprofit government financial watchdog that says the city is spending tomorrow’s money today in an unsustainable fashion." 

Hot off the Press! The State Report is Out: How Did Your State Do???

DECEMBER 10, 2023

Now Available

Our annual report on state fiscal health. Debt among the states improved slightly. Going from $1.2 trillion down to $938.6 billion. 

What happened? 

How did your state do? Read the full report below.

Accounting is a methodology for measuring value. It's the process of identifying, measuring, and communicating economic information to enable well-informed assessments and choices for those who rely on the informationgood accounting matters!  


On the Brink of Financial Collapse: 10 Cities In Serious Danger of Bankruptcy

JUNE 6, 2023 | MSN | by Ben Rice

"Sobering Statistics 

The study, called Financial State of the Cities 2023, was done by Truth in Accounting. It has some difficult truths: 50 out of 75 cities could not pay their bills; the combined debt for all 75 cities is $267 billion. Moreover, elected officials didn’t include the cost of government in this figure, instead pushing it onto future taxpayers."

Financial State of the States 2022

OCTOBER 24, 2022

This year's report found that 31 states did not have enough money to pay all of their bills.

FL Auditor General finds city employees didn’t know how to write financial statements

DECEMBER 10, 2021 | CBS-TV 4 NEWS (FLORIDA) | by Aaron Adelson

By Aaron Adelson, includes “Florida's Auditor General sent the city of Gainesville 18 preliminary findings after an in-depth investigation into the city of Gainesville's finances, at times finding ‘Significant deficiencies or material weaknesses.’ … the Auditor found major issues with the city's controls over financial reporting including unreconciled bank statements and accounts that were misstated. ” 

New study measures financial transparency among state governments

NOVEMBER 16, 2021


Financial Transparency Score 2021

NOVEMBER 16, 2021

To encourage the publication of transparent and accurate government financial information, Truth in Accounting has created a transparency score for financial reporting by the states. 

Florida industries grapple with inflation and rising prices

NOVEMBER 4, 2021 | GOVERNING | by Jay Cridlin

By Jay Cridlin (Tampa Bay Times), includes “… Inflation hasn’t slowed Florida’s booming housing and real estate industry, even as costs keep rising. But that has ripple effects, especially in a state where the median household income sits below the national average.” (Note: I was skeptical of the Florida median household income claim, but then I looked it up.)

Majority of state finances worsened during beginning of pandemic

SEPTEMBER 28, 2021


Financial State of the States 2021

SEPTEMBER 28, 2021

Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.

Building away from Taxpayer Burdens

SEPTEMBER 9, 2021 | NORTH CAROLINA PATCH | by Joshua Terry

By TIA intern Joshua Terry, whose last day is today (Thanks for all the great hard work, Josh!) includes “… Arizona, Florida, North Carolina, and Texas have smaller Taxpayer Burdens compared to New York, California, and Illinois. There certainly may be other factors at play here, as Texas isn't too far off of New York or even California with its Taxpayer Burden.”

New York, California, and Illinois lose Boomer population

AUGUST 3, 2021 | by Joshua Terry

Earlier last month, the IRS released the 2019 migration data for adjusted gross income (AGI) that showed a departure in the billions of dollars of taxable income from New York, California, and Illinois. These three states experienced the most outflow of AGI in 2019, while Florida, Texas, and Arizona gained the most AGI. The IRS included a breakdown of this migration by age group:.

Pinecrest to use COVID relief millions to connect hundreds of properties to Miami-Dade water system

JUNE 28, 2021 | FLORIDA BULLDOG | by Francisco Alvarado

By Francisco Alvarado, includes “Village of Pinecrest officials are ramming through an $11.4-million proposal that would connect roughly 700 properties that currently use water wells to the Miami-Dade water system. ”

Budget rescue plan for Hillsborough schools relies on federal aid to bridge gap

MAY 7, 2021 | WUSF 89.7FM RADIO (FLORIDA) | by Kerry Sheridan

Radio segment, story by Kerry Sheridan in includes “…Corcoran had previously said that emergency relief cash would not be an acceptable solution. ‘If there is a thought to solving this recurring financial issue by using one-time stabilization funds, I strongly encourage you to remember that fixing a long-term problem by using a short-term resolution will not get the district on solid ground,’ Corcoran wrote in a letter to the school board dated April 22.”

With Florida law, almost all states require online sales tax collection

APRIL 30, 2021 | ACCOUNTING TODAY | by Roger Russell

By Roger Russell, includes “Florida, one of the last two holdout states to enact economic nexus legislation in the wake of the Supreme Court’s Wayfair decision on taxing online sales, has finally passed a bill that applies sales tax collection requirements to remote sellers and marketplace facilitators.”

Lawmakers wrap up state budget, failing to use $3.5 million in federal COVID dollars to help Floridians

APRIL 29, 2021 | FLORIDA PHOENIX | by Isaac Morgan

By Isaac Morgan, includes “With just a few days left in the 2021 legislative session and COVID-19 still infecting and killing Floridians, the Legislature will not fully utilize federal coronavirus relief funds from the Biden administration’s American Rescue Plan. About $3.5 billion will be used to bolster the state’s reserves rather than provide programs and initiatives to help Floridians …” 

Experts: Florida’s massive pension plan running dry

APRIL 27, 2021 | WESH-TV ORLANDO | by Greg Fox

By Greg Fox, includes “The future of Florida's massive pension system for state and local government workers is now on the line. The Florida Senate passed a measure that would strip pensions for new hires beginning next year.”

Federal stimulus causing budget trauma for Florida lawmakers

APRIL 22, 2021 | TAMPA BAY TIMES | by Mary Ellen Klas, Kirby Wilson, Lawrence Mower

By Mary Ellen Klas, Kirby Wilson and Lawrence Mower, includes “After a decade of honing their skills as budget cutters, Florida’s Republican legislative leaders are having a hard time deciding how to spend.”

Florida Senate passes bill to move most state workers to DC plan


The Florida state Senate has passed a bill that would eliminate the option for nearly all new state employees to participate in a defined benefit (DB) plan, instead requiring them to join a defined contribution (DC) plan.

1  2  3  4  5  >  >>