US Published National Debt
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The Truth
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Each Taxpayer's Share: $936,000
Financial State of the Cities 2022
Truth in Accounting has released its sixth annual Financial State of the Cities report.
Financial State of the Union 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.
Data-Z (formerly State Data Lab)
Create your own chart with more than 700 data variables, including demographic, economic and financial at the federal, state, and city level.
Financial Transparency Score 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.
New bill would increase state and local gov't transparency
November 16, 2022
For decades, the goal of increased government financial transparency has been widely shared across political parties and stakeholder groups. The Financial Data Transparency Act (S.4295), proposed by Sen. Mark Warner, D-Virginia, and Mike Crapo, R-Idaho, takes a major step toward openness and accessibility by directing seven financial regulators, including the Municipal Securities Rulemaking Board, to develop "machine-readable" data standards that accurately reflect the existing reporting standards. So, it is surprising that this transparency measure has attracted stiff opposition when it has proven so successful in corporate reporting. READ MORE HERE.
Over Two Thirds Of U.S. States Do Not Have Enough Cash To Pay Their Obligations
October 25, 2022
Thirty-one states, or over two-thirds of U.S. states, do not have enough cash to pay their bills. For the thirteenth year in a row, nonpartisan accounting watchdog Truth in Accounting (TIA) released its ‘Financial State of the States’ report today describing the weak financial condition of numerous states.
You're Invited: Official Launch TIA Project at DU
October 21, 2022
October 25 Official Launch of the Truth in Accounting Project at the University of Denver
Are Government Officials the Best Ones to Manage Pension Funds & Social Security?
What are the Biggest Issues Facing Government Finances?
These and other questions will be explored.RSVP HERE for in-person and RSVP HERE for the live-stream option
Kauai acts to spike pension spiking
September 6, 2022
Grassroots Institute of Hawaii
"Some advice for all our policymakers out there struggling with public pension liabilities:
The first step is admitting you have a problem. The next step is getting real data on how bad that problem is. Only then can you begin working out how to address it."
Transparency Groups Send Letter to the Hill Supporting Adoption of Financial Data Standards
November 8, 2022
Data Foundation
"This week, the Data Coalition and other transparency groups sent a letter to the Hill outlining the benefits of the adoption financial data standards, as required by the Financial Data Transparency Act (S. 4295)."
How many recessions you’ve actually lived through and what happened in every one
April 19, 2022
CNBC
"With the U.S. economy on the verge of another significant recession as a result of the global coronavirus pandemic, social media users of all ages are going online to argue about which generation has suffered more at the hand of past economic downturns."
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