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.
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.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
The massive downturn in the beleaguered oil market is compounding financial problems for U.S. states and local governments that rely on energy production for revenue and raising concerns for their bond investors, analysts said on Tuesday.
In his column today, Mike Jacobs writes about some intraparty competition in North Dakota's District 8, where longtime lawmaker Jeff Delzer is seeking re-election to the state House but facing a challenge from two other Republicans.
The Office of Management and Budget today released the 2019 Comprehensive Annual Financial Report (CAFR), a document that encompasses the fiscal activity for all of state government
"Heitkamp's talk of deficits is pure speculation and none of it takes into account the economic growth the Trump pro-growth agenda is delivering." - statement on the website Get the Facts ND, June 4, 2018
See the financial condition of Alaska, Connecticut, Delaware, Iowa, Illinois, North Dakota, Utah, Washington and West Virginia.
The justices pressed attorneys on Tuesday about the potential consequences of overturning the court’s 26-year-old ruling.
Before an audience of appreciative retired truck drivers, Sen. Heidi Heitkamp, D-N.D., said Tuesday, April 3, that if their pension funds were allowed to collapse, the ripple effects could “take down our economy.”
Forty-one U.S. states do not have enough money to pay their bills, collectively they have racked up $1.5 trillion in unfunded liabilities.
States collectively owe more than $1 trillion in pension benefits to current public workers and retirees, but that oft-cited figure does not include the cost of other retirement benefits for government workers and public school employees.
Got $50,000 laying around you can hand over to the state? Illinois taxpayers owe that much in debt racked up by state government.
Despite the healthy status of its finances, North Dakota still has room to improve its accounting and reporting.
Public banks are owned by cities, states or other jurisdictions and serve to keep funds local instead of being deposited on Wall Street.
By Liz Farmer, includes “After six straight years of squirreling away money, budgeted figures for fiscal 2017 show a slight dip in rainy day fund balances across the 50 states.