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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This year's report found that 31 states did not have enough money to pay all of their bills.
“The city of Norfolk was given $154.1 million in funding through the American Rescue Plan Act (ARPA), and leaders are seeking community input on how the money should be spent. If you're a resident who has ideas, there are a few ways you can make your voice heard. There are several drop-boxes across the city where you can submit your thoughts.”
By Marc Joffe, includes “The Pension Benefits, Design, and Funding Task Force created by the Vermont General Assembly is expected to release its findings in December. … Truth in Accounting recently ranked Vermont 43rd of the 50 states based on its measure of ‘Taxpayer Surplus or Burden’ with a per capita burden of $24,000. ”
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.
Includes “… The majority of the fund will be invested in blockchain firms, with only 15% going into cryptocurrencies themselves. … Back in December, JPMorgan predicted that pension funds could pull $600 billion into Bitcoin. … PORS is convinced that crypto markets are not showing the true value of cryptocurrencies.”
By Alina Tugend, includes “Pensions are complicated enough without employers passing the buck onto someone else, but increasingly, that is what's happening. … When an insurer takes over the plan, that pension is no longer protected by federal law, but rather state law, which regulates insurance companies."
Ranking 28th out of 50 on any list may not be something to brag about, but for Virginia, it represents a degree of improvement.
Virginia Republican lawmakers are crying foul over a deal reached this week on the state’s two-year budget.
Virginia prides itself on being a state that has a balanced budget. But, that doesn’t mean the Commonwealth is without debt. Michael Pope reports.
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.
Representative Abigail Spanberger is calling on Congress to include new measures that will protect taxpayer dollars in funding packages for the future, according to a news release.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
You’ve got Oregonians seeking to cascade into Idaho, Virginians who identify as West Virginians, Illinoians fighting to escape Chicago, Californians dreaming of starting a 51st state, and New Yorkers who think three states are better than one.
Virginia Democrats are poised to legalize collective bargaining for government employees. In November Democrats brought Richmond under their total control for the first time in more than a quarter-century.
In 378 U.S. counties, voter registration rates exceed 100% of the adult population, meaning there are more voter registrations on file than the total voting-age population
Before the $21 million allegedly went missing, before the sheriff put his gun in his mouth and fired, before Tuesday’s announcement that the entire top tier of the Warren County government had been indicted, there was the dream.