Sheila Weinberg testifying in front of GASB

GASB Public Hearing

April 13, 2021 | Governmental Accounting Standards Board

Live hearing(s) today and tomorrow, Sheila Weinberg testifying today at hearing beginning 8:55am CT, Bill Bergman testifying tomorrow at hearing starting at 8:55am. Hearing relates to GASB proposals; Sheila Weinberg’s comment letter is available here, Bill Bergman’s comment letter is available here.

20 Accounting Youtube channels to follow in 2021

April 13, 2021 | Feedspot

Includes “Truth in Accounting … About Youtuber: To educate and empower citizens with understandable, reliable, and transparent government financial information. Frequency: 2 videos / week.  Since: Jun 2008”

GASB critics want more transparency for public pensions and other retirement benefits

April 12, 2021 | The Bond Buyer

By Brian Tumulty, includes “What’s at stake is whether the public is being misled by when a governmental fund is listed in the financial statements as balanced while omitting those long-term debts.

Time for ‘Truth in Accounting’

April 9, 2021 | Chico Taxpayers Association (California)

Includes “I’ve noticed lately this blog is getting a lot of traffic from a really interesting website called ‘Truth in Accounting’ … This website is operated by a well-credentialed group of individuals, out of Chicago – a city with big pension problems. It is a really good source of information about pension systems nationwide, including the federal government systems, which have driven our national debt for years. …”

5 great financial resources for staying informed

April 8, 2021 | ThinkAdvisor

By Mark Coker, includes “Finding the right resources to stay current and relevant is critical. ThinkAdvisor is one great resource. The following are a few of my other favorites. 1.  Truth in Accounting is a great resource to stay current with the country’s financial state, states, cities, and pensions. …”

Good audits are critical for defense

April 7, 2021 | The Hill

Op-ed by Bill Bergman, includes “… Looking ahead, the Pentagon audit process deserves respect and encouragement. It is too early to surrender to cynicism and anger. But it is not too late to demand greater success in a mission that is critical for the Pentagon and for all of us.”

Irvine has switched to a defined contribution plan and cut their UAL by 23% in 4 years

April 6, 2021 | Chico Taxpayers Association (California)

Includes “… What stuck out to me was that he knows the CEO of CalPERS by first name. … This article explains how they’ve reduced their UAL 23% over the past four years without issuing Pension Obligation Bonds.”

Truth in Accounting presentation by Sheila Weinberg

April 1, 2021 | Association of Government Accountants – Ozarks Chapter

Includes “For years you have hired people to do work around your house. Instead of paying them in full every year, you use the money to buy holiday gifts, so that you are popular with your friends. Each year you tell your household workers that your children will pay the balance you owe, when they grow up. Have your budgets been truly balanced?”

Chicago is so flush with cash it can provide Guaranteed Basic Income to residents

March 31, 2021 | KJB

By Kevin Bae, includes “Some genius Chicago aldermen have the brilliant idea to provide a ‘Guaranteed Basic Income’ to city residents. … The people of the City of Chicago would have to tax each and every taxpayer $41,100.00 in order to eliminate the city’s current debt burden of $36 billion. …  I think it’s gonna be a little difficult to pay that off.”

Delaware’s damning debt

March 30, 2021 | A Better Delaware

Includes “…Chicago, which also has a pension problem, handled it just how we hope to avoid in Delaware. Mayor Rahm Emanuel initiated numerous taxes, from a large property tax hike in 2014 to a 911 communication tax.”

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