State general revenue shortfall projections

Bill Bergman and Sheila Weinberg | June 1, 2020

How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises? 

Truth in Accounting's conditions on federal aid to state and local governments

May 14, 2020

City Combined Taxpayer Burden Report 2020

May 12, 2020

Truth in Accounting has released a new report on the 10 largest U.S. cities. The City Combined Taxpayer Burden report analyzes the finances of each city, its county, state, and underlying government units.

States with fewer COVID restrictions are in better financial shape

May 7, 2020

Correlation is not causation, they say, but ...

Debt hose is on full blast

Sheila Weinberg | May 7, 2020

Today I realized that our debt clock was moving too slowly. I had to increase the debt clock by hundreds of billions to match how much the Treasury is currently borrowing. In April, the reported debt increased by $1.2 trillion dollars to almost $25 trillion.

The ‘Phillips Curve,’ in the scriptures, anyway …

May 6, 2020

Some fun with text analysis, and the annual Financial Report of the U.S. Government.

How is the federal government paying for the stimulus?

April 27, 2020

An infographic that shows where the federal government is getting the cash to pay for the stimulus package. 

March Madness still happened, just in April

April 22, 2020

Let's hope the real fiscal challenge doesn’t threaten students, and the rest of us, more than it already is.

Federal Reserve loans will set governments back

Sheila Weinberg | April 17, 2020

The Federal Reserve loans will financially set these governments further back for a long time, if not forever. To pay back this new debt, governments will have to run true surpluses. Before the current crisis, only ten of the states had run annual surpluses that have enabled them to amass money available to pay future bills.

Too-Big-To-Fail policies spread to states and cities

April 9, 2020

States and cities gain more direct access to central bank financing.

Financial State of the Union 2020

April 7, 2020

Click here to view our report on the nation's fiscal health before the coronavirus pandemic hit. 

How much did employment drop last month?

April 6, 2020

The widely-followed estimate for total payroll employment fell by 701,000 jobs, a massive one-month decline that significantly exceeded analyst expectations.

Does having more police lead to a lower crime rate?

Madison Randolph | April 2, 2020

If a city has more police officers will its crime rates be lower? Or if a city has more police officers does that mean that it has more crime than other cities? Does the amount of police officers in a city correlate with lower or higher crime rates? 

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