Truth in Accounting has once again created a transparency score for the financial reporting by state governments to encourage the publication of transparent and accurate government financial information.
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.
https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2023
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According to the National Center for Education Statistics, New Mexico posted the nation’s lowest high school graduation rate for the most recently available data (Excluding Washington D.C.). The state’s graduation rate of 76.9 percent was nearly 9 percent lower than the national average, despite an improvement from 2019.
This year's report found that 31 states did not have enough money to pay all of their bills.
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.
By Baylen Linnekin, includes “Q: When is a gas station that sells liquor not a gas station? … The new law targeting McKinley County gas stations and consumers also arrived nearly in tandem with a state high court ruling that encourages gas stations across the state not to sell gas—a decision that's also tied to alcohol.”
PRESS RELEASE - FOR IMMEDIATE RELEASE
Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.
The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
A plan to tap into reserve funds to the tune of $22.4 million to help balance the city of Santa Fe’s budget for the 2021 fiscal year isn’t without risk.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
This year’s legislative session was important to some people with pensions, as a big-ticket bill to shore up New Mexico’s retirement system for state employees was passed.
There are few who can match the credentials of Sen. John Arthur Smith, D-Deming, when it comes to responsible government finances and being a good steward of public funds.
The rampant teacher shortage in New Mexico and elsewhere comes as no surprise given how little respect has been shown the profession the past two decades
Already under pressure to produce returns in the face of underfunded liabilities, some public pension boards also are having to address bad board behavior.
A coalition of retirees is turning to an unusual argument as it pushes back on plans to overhaul New Mexico’s underfunded pension system for public employees.
The executives running New Mexico’s main pension fund for city and state workers offered a sharp warning to state lawmakers Monday.
New Mexico's state treasurer is renewing accusations that past pay raises were not properly approved for the executive director at a state public pension fund.
“A legislative solvency fix for one of New Mexico’s large public retirement systems will probably have to wait until next year. Gov. Michelle Lujan Grisham on Monday ordered that a 19-member task force be created to study possible changes to the pension plans …”