US Published National Debt
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The Truth
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Each Taxpayer's Share: $689,000
New: Financial State of the States 2018
Click here to read Truth in Accounting's newest Financial State of the States report.
Bill's Blog
Bill Bergman serves as TIA's Director of Research. He is responsible for managing TIA's federal project and State Data Lab's data base. Bergman spent 13 years as an economist and policy analyst at the Federal Reserve Bank of Chicago.
Underlying government units report
TIA's new analysis of the 10 most populous U.S. cities and their largest local government units shows you're on the hook for more debt than you think.
State Data Lab
Compare all 50 states and the 75 most populous cities using more than 300 unique data variables.
The Federal Project
Our Federal Project explores various aspects of government financial reporting, and will examine a different theme each month for the next year.
States must do more to address Other Post-Employment Benefit liabilities
October 19, 2018
The Bond Buyer
A recent report by Truth in Accounting (TIA), a nonprofit organization that monitors municipal finances, serves as a sober reminder that state governments need to take action now to address the rising cost of healthcare promises made to retirees — or risk credit downgrades.
Emanuel’s new budget is “balanced?” Ha ha.
October 19, 2018
Chicago Now
In his latest and last new budget message, Chicago Mayor Rahm Emanuel wants to assure us all is well. Not to worry. Things are in hand.
Land of Lincoln: How to address Illinois’ constitutional pension crisis
October 18, 2018
MuniNet Guide
Truth in Accounting and DePaul University Keeley Center for Financial Services host a discussion featuring James E. Spiotto on how to overcome the constitutional hurdles to the state of Illinois’ pension crisis.
Standard & Poor’s raises warning flags about budget and $10 billion pension borrowing
October 19, 2018
Chicago Sun-Times
A Wall Street rating agency raised warning flags Thursday about Mayor Rahm Emanuel’s stalled, $10 billion pension borrowing and about the long-term viability of his feel-good election-year budget.
Our government couldn’t run a lemonade stand
October 19, 2018
USA Today
How do you feel about leaving the next generation with massive debt?
How to control the fiscal costs of public-private partnerships
October 19, 2018
International Monetary Fund
While in the short term, PPPs may appear cheaper than traditional public investment, over time they can turn out to be more expensive and undermine fiscal sustainability, particularly when governments ignore or are unaware of their deferred costs and associated fiscal risks.
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