By Kevin Bessler (The Center Square), includes “… The nonprofit organization Truth in Accounting released its Financial Transparency Score report for financial reporting by the states and gave Illinois a score of 56 out of a possible 100. Only four states scored lower. … Truth in Accounting CEO Sheila Weinberg said some governments like Illinois are promising future pensions without a funding mechanism or transparency. ‘We believe in what we call fact-based accounting,’ Weinberg said. ‘You shouldn’t be able to promise something and get votes for without having to include it in your budget.’ …”

comments powered by Disqus