Report ranks New Mexico very low in financial transparency

KRWG Radio (NPR) | December 7, 2018

A recent report by Truth In Accounting ranks New Mexico low when it comes to financial transparency. Sheila Weinberg, Founder and CEO of Truth In Accounting shares why the state scored one of the lowest in the country. 

Connecticut ranked 49th for fiscal health

Marc Fitch | Yankee Institute for Public Policy | December 6, 2018

Governor-elect Ned Lamont will face a daunting task when he and fellow Democratic lawmakers assume full control of the state’s finances in January, according to a newly released report by Truth in Accounting.

2018 Awards

City of Irvine, California | December 6, 2018

The City of Irvine in 2018, for a second straight year, has been ranked No. 1 in fiscal strength. The Truth in Accounting ranking of America’s 75 largest cities calculated the funds that would be left over after the bills are paid. Irvine was given a surplus score of $5,200 per taxpayer, earning the distinction as the most fiscally healthy large city in the United States. Truth in Accounting is a nonprofit that looks at public agencies’ fiscal practices.

Wisconsin’s Walworth County zeroes out outstanding municipal debt

Andrew Burger | Wisconsin Watchdog | December 5, 2018

It's rare to find a U.S. municipality that's debt-free, but that’s something Walworth County in Wisconsin has been able to accomplish.

Utah gets a score of 85 on financial transparency

Utah Business Daily | December 4, 2018

Utah earned above-average marks for its system of making annual budgetary data available to residents, according to a study by the Chicago-based policy institute Truth in Accounting (TIA).

America needs more accountants in Congress

Sheila Weinberg | The Hill | December 3, 2018

It’s well known that the demographics of the U.S. Senate and House of Representatives don’t proportionally reflect the American population, with a heavy under-representation of some groups, such as women and people of color.

Debt Transparency Act

Report: Since recession, 10 states, including Illinois, operate at structural deficits

Bethany Blankley | Watchdog.org | November 30, 2018

A new report by Pew Trusts points to economic improvement for states overall, but highlights ten – including Illinois – whose expenses still exceed their revenues ten years after the Great Recession.

Report: Vermont among worst states when it comes to fiscal transparency

Bethany Blankley | True North Reports (Vermont) | November 29, 2018

More than one third of state governments are doing a good job with fiscal transparency, a new report released by the nonpartisan, nonprofit Truth in Accounting (TIA) indicates. The report, which evaluated the transparency of state government finances, found the remaining two-thirds in need of improvements.

Illinois gets score of 72 on financial transparency

Illinois Business Daily | November 29, 2018

Illinois earned subpar marks for its system of making annual budgetary data available to residents, according to a study by the Chicago-based policy institute Truth in Accounting (TIA).

An opportunity to make government debt more transparent

Johnny Kampis | The American Spectator | November 28, 2018

Fiscal hawks hope to see reforms in accounting standards for state and local governments that would increase the transparency of their debt.

Report: One-third of states have passable fiscal transparency, the rest need improvement

Bethany Blankley | Watchdog | November 27, 2018

More than one third of state governments are doing a good job with fiscal transparency, a new report released by the nonpartisan, nonprofit Truth in Accounting (TIA) indicates. The report, which evaluated the transparency of state government finances, found the remaining two-thirds in need of improvements.

What sinkhole states don’t want you to know

Fergus Hodgson | Gold Newsletter | November 27, 2018

US states have amassed at least $1.5 trillion in unfunded liabilities in 2017, even though 49 of them have some form of balanced-budget restriction.

Finance

By the numbers: Colorado gets above-average grade on disclosing financial data

Colorado Watchdog | November 26, 2018

Colorado ranks 31st among the 50 states for its efforts to make annual state financial data accessible to citizens and presented in a straightforward way, according to a study by the policy institute Truth in Accounting (TIA).

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