Financial State of the Union 2021

April 15, 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.

Clock is ticking, Illinois – and time is money

April 14, 2021

Illinois' annual financial report is woefully late, again.

Truth in Accounting presentation by Sheila Weinberg

Truth in Accounting | April 1, 2021

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?”

Sheila Weinberg to star in new Matrix movie

April 1, 2021

Our founder and CEO will star in the upcoming Matrix 4 movie. 

Uncle Sam reports dismal financial results, to deafening silence

March 29, 2021

Meanwhile, the "American Rescue Plan" doubles down on disturbing 2020 trends.

Ask the Experts

Truth in Accounting | March 26, 2021

A one-hour webinar with Mandy Smithberger (Project on Government Oversight), Courtney Bublé (Government Executive), and Bill Bergman (Truth in Accounting) covering our DoD Audit Report Card and related issues. See POGO’s civic engagement action center here.

What you need to know about the Defense Department’s finances

Truth in Accounting | March 25, 2021

Announcement/registration for webinar today, includes “Join us on March 25 at 11:30 a.m. CT for a webinar with Mandy Smithberger from the Project on Government Oversight and Courtney Bublé, staff correspondent at Government Executive. We will be discussing the Defense Department's finances, how it flunked the latest audit, and if any improvements are in sight.”

Defense Department Audit Report Card 2021

March 23, 2021

With this report, Truth in Accounting ranks Department of Defense component entities based on their fiscal year (FY) 2020 audit performance. 

Comment letter by TIA Board Member John Kayser on recent GASB Exposure Drafts

March 22, 2021

A TIA board member with significant financial market and accounting experience expresses concern with GASB proposals for government accounting.

Population in State – Illinois vs. Indiana

Data - Z | March 18, 2021

We’ve updated our Data-Z website to include the latest Census population data through 2020. The link above takes you to a “pretty picture

Ask the Experts: What you need to know about the Defense Department’s finances

Truth in Accounting | TIA – Upcoming Events | March 16, 2021

Includes “Join us on March 25 at 11:30 a.m. CT for a webinar with Mandy Smithberger from the Project on Government Oversight and Courtney Bublé, staff correspondent at Government Executive. We will be discussing the Defense Department's finances, how it flunked the latest audit, and if any improvements are in sight.”

Was the pandemic to blame for Illinois state revenue weakness before the latest federal stimulus bill?

Bill Bergman | Bill’s Blog | March 15, 2021

Includes “The massive $1.9 trillion federal ‘stimulus’ packaged signed into law last week included $350 billion for state and local governments. At the onset of the pandemic, many feared already-challenged jurisdictions were going to take a huge revenue hit."

Was the pandemic to blame for Illinois state revenue weakness before the latest federal stimulus bill?

March 15, 2021

Illinois' tax revenue was going up, not down, during the pandemic.

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