By Bruce Parker, includes “… The Financial State of the States 2015 report, released this month by Chicago-based nonprofit Truth in Accounting, debunks the myth that states balance their budgets. Unlike most financial accounting done by states, TIA’s accounting method tracks unfunded pension debt and unfunded retiree health care debt. The bean-counting arrives at the real debt states owe. …”
Read the full article on: Williston Observer (Vermont)