California in a league of its own for delinquent financial reporting

Keeley Webster  |  January 14, 2022

By Keeley Webster, includes “… ‘Boomer retirements could be a factor,’ said Marc Joffe, a senior analyst with the Reason Foundation. ‘But, whatever the excuse, it is totally unacceptable that the biggest entity in the municipal market is over nine months late in filing audited financial statements. Just because the state has big surpluses on a budgetary basis, does not mean that its books are clean when accrued liabilities are included, and we need to see the ACFR to assess just where the state stands. …”

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