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Vermont gets 3rd worst financial transparency score in the country

David Flemming  |  December 15, 2020

By David Flemming, includes “… Finally, the big separator, 'Auditor Opinion.' Truth in Accounting says that ‘Vermont received a low transparency score primarily because its pension plans do not produce separate audited financial reports. Instead, their GASB 68 reports are unaudited. As a result, we deduct 25 points from the Clean Opinion criteria, which is dependent upon opinions from both the state CAFR and the largest pension plan CAFR.’ …”

Read the full article on: Ethan Allen Institute

 
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