US Published National Debt
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The Truth
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Each Taxpayer's Share: $980,000
Financial State of the States 2024
Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.
Financial State of the Union 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
At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.
Data-Z (database for state and city data)
Create your own chart with more than 700 data variables at the federal, state, and city levels.
Cato Institute Ranking of Governors: Gavin Newsom Earns a “D” and Tim Walz an “F”
November 4, 2024
California Globe
Minnesota placed 8th in the fiscal rankings based on the per capita of its unrestricted net position for governmental activities in 2022. This is much better than California’s placing 43rd (see Long Overdue Financial Report for California Brings Bad News, March 18, 2024).
Truth in Accounting also ranked Minnesota well (see NEW REPORT: California Ranks Among Bottom of 50 States for Financial Transparency, April 23, 2024). But this seems to have encouraged Governor Walz to be greedier and demand more from Minnesotans.
Our Fragile Infrastructure: Lessons From Hurricane Helene
November 4, 2024
SCHEERPOST
Small businesses are now failing across the country at increasingly high rates. That means layoffs, need for more government assistance, lower productivity, and higher taxes. But that’s not true in North Dakota, which was rated by Forbes Magazine the best state in which to start a business in 2024. On Oct. 2, Truth in Accounting’s annual Financial State of the States report rated North Dakota ND #1 in fiscal health, with a budget surplus per taxpayer of $55,600.
Why 27 U.S. States Are Going Broke
November 4, 2024
CNBC
27 state governments lack the necessary cash on hand to pay their bills, according to researchers. The debts largely relate to the public pension system, which provides lifetime benefits to state and local government employees.
Supporting the Next Generation of Financial Transparency Leaders!
October 4, 2024
The University of Denver Truth in Accounting Project is mentoring two teams participating in the Association of Government Accountant's 2024 CCR competition. These students are using Truth in Accounting’s comprehensive resources—along with Data Z—to help create reports on the State of Maine, ensuring that the state’s financial picture is not only accurate but also accessible to the general public.
Pro forma statements for state and local government?
September 26, 2024
Why aren't state and local governments doing this? A pro forma statement is a financial document that projects future financial performance based on certain assumptions or hypothetical scenarios.
Our Governments Make Their Own Accounting Rules – and Mislead Us
September 26, 2024
The accounting rules our governments make for themselves result in financial reports that mislead the public. Citizens are not receiving the accountability they deserve; they do not have the financial reports needed to responsibly exercise their right to vote.
The Standard Setters for State and Local Government Accounting
September 12, 2024
State and local governments have different accounting standards than corporations. Truth in Accounting does not understand or support this position. So, who sets these standards?
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