The nonprofit group, which promotes financial transparency in government, gave Washington, D.C. a grade of "B" for its fiscal policies. The amount of revenue the city has available to pay its bills is $900 million, which provides a surplus of $3,300 per taxpayer after all bills are paid, according to the analysis.

“… In order to appear to balance budgets, TIA notes, elected officials 'have not included the true costs of the government in their budget calculations and have pushed costs onto future taxpayers.' … No cities received an 'A' grade. Twelve cities received a 'B;' 24, including the Twin Cities, received a 'C;' 31 a 'D;' and eight failed.”

A new report on the financial condition of the 75 most populous cities ranks Detroit no. 49 in the nation for fiscal health.

By the end of Fiscal Year 2017, 63 large cities did not have enough money to pay all of their bills, the report states, meaning debts outweigh revenue.

“While I cannot vouch for the numbers, they seem correct. What happened you ask? They bought your votes, they were believed and no one complained until it was too late, which is now!”

St. Louis is already more than $1.6 billion in debt, according to the nonprofit government finance watchdog Truth in Accounting.

“I’ve been telling our clients for a few years now that we expect a significant awakening to the risks of investing in states with high tax burdens. States will increasingly be competing with other states. We’re already seeing investment dollars (and jobs) leaving high tax states and moving to low tax states. We think this is only the tip of the iceberg.”

Because of that dismal outlook, Truth in Accounting awarded a grade of "F" to Chicago's handling of its finances. It blamed "Chicago's elected officials" for making "repeated financial decisions that have left the city" with that burden

This lack of transparency has an obvious motive: career politicians want voters to re-elect them based on false claims that the city’s budgets are balanced or at least improving.

Radio interview of Sheila Weinberg re: Truth in Accounting’s recent Financial State of the Cities report.