Illinois fails to recognize the importance of the CAFR

Patrick Wool | June 21, 2019

To those who follow Illinois’ financial situation, it is no secret that the state is beyond tardy on delivering its Comprehensive Annual Financial Report (CAFR). The standard for CAFR timeliness is 180 days after the end of the fiscal year. Illinois’ fiscal year ended almost one year ago on June 30th, 2018.

State economic outlooks joined at the hip with government financial conditions

June 13, 2019

Factors relating to state economic outlooks also matter for the public purse.

How long will Chicago have to wait for its financial report this year?

June 11, 2019

Do Jake and Elwood need to shine their shoes?

We’ve updated our debt clock

June 7, 2019

We recently updated the assumptions underlying Truth in Accounting’s debt clock. 

A shout out to the Lucy Burns Institute on the 100th anniversary …

June 4, 2019

… of the day Congress approved the 19th amendment to the U.S. Constitution, and sent it to the States for ratification.

A new way to visualize federal government fiscal conditions

June 4, 2019

It's pretty, but it isn't pretty.

Do governments ever go out of business?

June 4, 2019

What does the future hold for Chicago, Illinois?

Illinois legislature makes big financial decision – without some numbers

May 28, 2019

Illinois legislature moved to put income tax question on voter ballots in 2020, but ...

Are Modern Monetary Theorists writing the U.S. government’s annual financial report?

May 13, 2019

Don't worry about your government.

Illinois constitutional amendment needed - Part 1

May 9, 2019

Illinois lawmakers and voters are in the process of amending the state constitution to allow for a progressive income tax. Springfield is looking for more revenue because lawmakers habitually spend more than the state takes in.

Who’s in control of your Social Security benefits?

May 8, 2019

Deceptive marketing by lawgivers?

Some eerie similarities in USSR and US government accounting?

May 2, 2019

Ominous lessons from recent history across the oceans

US government finances still deteriorating

March 28, 2019

The U.S. government just released its annual financial report for fiscal 2018, after a shutdown delay

1  2  3  4  5  >  >>