California & New York: Do these states generate profit for each citizen?
US Published National Debt
Each year the Truth in Accounting staff collects data from every state's Comprehensive Annual Financial Report.
Find how much you would have to pay to cover your state's bills. To determine your "Taxpayer Burden" Truth in Accounting calculated the money needed to pay your state's bills, including pensions.
A thorough study of 518 taxing entities in Cook County, including Chicago. This June 2013 report was coauthored by John Nothdurft, the Heartland Institute, and Sheila Weinberg, CEO of TIA.
July 17 GASB webinar describing some fundamental changes in accounting methods for state and local governments.
“… Now there is a proposal to bring states together in a way to speed the arduous process of amending the Constitution to force Congress to balance the federal budget. … “
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TIA In the News
July 18, 2014
"Truth in Accounting’s detailed analysis of the 2011 financial report, for example, found the state of New Jersey had $82.7 billion in assets, but most of these assets were not available to pay state bills."
July 17, 2014
“In his introductory letter to Chicago’s annual financial report for 2013, Mayor Rahm Emanuel stated: “In 2013, the City of Chicago made significant progress towards righting the City’s financial ship. ..."
July 16, 2014
New Jersey Watchdog
“New Jersey’s new fiscal year began with a loan. ..."