US Published National Debt
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The Truth
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Each Taxpayer's Share: $689,000
Financial Transparency Score Report
New TIA analysis issues scores to all 50 states based on how transparent they are with their finances.
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.
New: Financial State of the States 2018
Click here to read Truth in Accounting's newest Financial State of the States report.
The Financial State of the 3 Largest U.S. Cities
See the financial condition of New York City, Los Angeles and Chicago.
State Data Lab
Compare all 50 states and the 75 most populous cities using more than 300 unique data variables.
Illinois gets below-average marks on financial transparency
November 16, 2018
Prairie State Wire
Illinois received a score of 72 on making key financial information accessible and understandable to the public, according to a new report from Truth in Accounting (TIA), a Chicago-based policy institute.
High rise: Evanston voters create a progressive ‘mansion tax’
November 15, 2018
Illinois Policy Institute
An increase in Evanston’s “mansion tax” will tighten the city’s squeeze on property owners making their way out the door.
2018 midterms: Greatest consolidation of party control in state governments in over a century
November 14, 2018
Watchdog.org
When the Great War began in 1914, one political party controlled all state legislatures in the U.S., save Montana. Nearly 104 years to the day of the war’s end, one political party controls all state legislatures, save Minnesota.
Unlike state workers and teachers, KY lawmakers have a pension fund in terrific shape
November 16, 2018
Lexington Herald-Leader (Kentucky)
Although Kentucky faces a $37.9 billion shortfall in its pension systems for teachers and other public workers, putting them among the nation’s worst, the news is cheerier for the part-time lawmakers who control the state budget, including pension funding: Their separately managed, publicly subsidized pension system is 98 percent funded, according to actuarial data released this week.
The largest audit in history ...really?
November 16, 2018
United States Department of Defense
David L. Norquist, the Defense Department's comptroller, talks about why the DOD audit is important. This audit is the largest in the department’s history.
Restoring trust, transparency, and accountability
November 16, 2018
Province of Ontario (Canada)
The Province faces significant financial challenges in the years ahead, not least of which is addressing the significant deficit and high levels of debt it inherited from the previous government.
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