Financial State of the States NOW AVAILABLE

Our twelfth annual Financial State of the States report, an analysis of the 50 states' financial health in 2020, is now available.

Ask the Experts: Congress' limitless credit card

Watch our Oct. 14 webinar about Social Security and the debt limit!

NEW report on the Financial State of Chicago

Despite receiving support from the CARES Act and other grants, Chicago’s overall financial position worsened during the pandemic. Read more.

US Published National Debt


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Each Taxpayer's Share: 906,000

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  • Financial State of the States 2021

    Truth in Accounting's twelfth annual Financial State of the States report, a nationwide analysis of the most recent state government financial information.

  • 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.

  • Financial State of the Union 2021

    Our Financial State of the Union report found that the financial condition of the U.S. government worsened by nearly $10 trillion in 2020.

  • Financial State of the Cities 2021

    Our fifth annual Financial State of the Cities report. This analysis surveys the fiscal health of the 75 most populated US cities prior to the coronavirus pandemic. 

  • 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.

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    Issuing financial statements faster

    October 22, 2021
    Government Finance Review

    By Todd Buikema, includes “To identify standouts for timely reporting, GFOA reviewed submission times for award-winning ACFRs for the fiscal years ended 2018 to 2020. For that timeframe, we received an average of 13 ACFRs within a period of 100 days or fewer—that’s 0.3 percent. GFOA reached out to officials at three governments that did so for all three of the fiscal years …”


    America, don’t panic over rising prices

    October 22, 2021
    The Chicago Tribune

    Editorial, includes “… The Fed surely won’t make that mistake again, and its battalion of economists, who have a better track record of forecasting inflation than anyone else, predict the overall rate of price increases will be back under 2% next year. … Meantime, beware of politicians using inflation as an excuse to advance their agendas. America should not base long-term policy on what could be a transitory economic phenomenon.”


    EU starts debate on budget rules amid high debt, investment needs

    October 20, 2021

    By Jan Strupczewski, includes “The European Commission opened a debate on Tuesday on how to reform the European Union's fiscal rules to deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change.”

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