Our Financial State of the Union report found that the financial condition of the U.S. government worsened by nearly $10 trillion in 2020.

Illinois' annual financial report is woefully late, again.

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?”

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

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

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.

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.”

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

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

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

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.”

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."

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