Financial State of the Union 2024

March 7, 2024

Our new Financial State of the Union report shows that the U.S. government’s financial condition worsened by $7.9 trillion in 2023. 

Financial State of the Cities 2024

February 15, 2024

At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.

Financial State of the States 2023

October 11, 2023

Our fourteenth Financial State of the States report found debt among the states was $938.6 billion, which is down from $1.2 trillion at the end of fiscal year 2021. Overall, it appeared state debt decreased primarily due to the following two factors: tax revenue increases due to the lockdowns ending, and millions, if not billions, of dollars in federal COVID funds received by the states.

Financial State of the Union 2023 with Congress building in DC

Financial State of the Union 2023

April 20, 2023

Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $12.7 trillion in 2022. The majority of the federal debt can be attributed to $64.31 trillion in Medicare promises and $47.74 trillion in Social Security. These are promises that have been made to our citizens, but the government has not set any money aside to fund them.

Transparency Score Card 2022

March 15, 2023

Financial State of the Cities report with downtown city

Financial State of the Cities 2023

February 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.

Financial State of the Cities report with map of united states and flag

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.

Financial State of the Union 2022

March 2, 2022

Our Financial State of the Union report found that the financial condition of the U.S. government worsened by more than $10 trillion in 2021.

Financial State of the Cities 2022

January 25, 2022

Truth in Accounting has released its sixth annual Financial State of the Cities report.

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. 

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