US Published National Debt
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The Truth
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Each Taxpayer's Share: $ 994,000
Financial State of the States 2024
Our fifteenth annual Financial State of the States (FSOS) report provides a comprehensive analysis of the fiscal health of all 50 states.
Financial State of the Union 2024
Our new Financial State of the Union report shows that the U.S. government’s financial condition worsened by $7.9 trillion in 2023.
Financial State of the Cities 2024
At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills.
Data-Z (database for state and city data)
Create your own chart with more than 700 data variables at the federal, state, and city levels.
What’s the Matter With Chicago?
December 30, 2024
The New York Times
The burden of debt and public pensions could soon push Chicago into bankruptcy.
DA Stephen A. Zappala sues county, retirement board over underfunded pension fund
December 11, 2024
Pittsburgh Post-Gazette
Sheila Weinberg the founder and CEO of Truth in Accounting, a nonprofit based in Illinois that examines government finances and pension funds, said “it’s not going to be pretty” for the county to get out of this situation.
“There’s really only two options,” she said. “Raise taxes or cut benefits.”
North Dakota, Minnesota tops in nation for 'taxpayer truth in accounting'
December 7, 2024
Daily News
The 15th annual Financial State of the States report compiled by Truth in Accounting and the report shows 27 states did not have enough money to pay their bills.
However, North Dakota finished No. 1 of all 50 states with an “A” grade and Minnesota was ranked 11th with a “B” grade.
The 144-page final report provides a comprehensive analysis of the fiscal health of all 50 states.
The SEC's job is about protecting ALL investors!
December 6, 2024
New SEC Chair Paul Atkins should investigate the misleading and confusing accounting practices in municipal securities.
Supporting the Next Generation of Financial Transparency Leaders!
October 4, 2024
The University of Denver Truth in Accounting Project is mentoring two teams participating in the Association of Government Accountant's 2024 CCR competition. These students are using Truth in Accounting’s comprehensive resources—along with Data Z—to help create reports on the State of Maine, ensuring that the state’s financial picture is not only accurate but also accessible to the general public.
Pro forma statements for state and local government?
September 26, 2024
Why aren't state and local governments doing this? A pro forma statement is a financial document that projects future financial performance based on certain assumptions or hypothetical scenarios.
Our Governments Make Their Own Accounting Rules – and Mislead Us
September 26, 2024
The accounting rules our governments make for themselves result in financial reports that mislead the public. Citizens are not receiving the accountability they deserve; they do not have the financial reports needed to responsibly exercise their right to vote.
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