Issues
Federal
State >
Interactive Map
Join Our Newsletter
Help us bring the truth about the nation’s debt to life. Sign up today for updates and more information.

 

Model Truth in Accounting LegislationA Work In Progress

Truth in Accounting Act - One Page Summary

Click here to upload a spreadsheet that has links to Each State's CAFR

"The Truth About Balanced Budgets:  A 50 State Study" found the following issues:

Political Math and the Illinois Budget
7/30/2008

A New IFTA Publication
Illinois' Public Accountability Pledge Gets Signed
7/30/2008

Candidates who have pledged for Truth in Accounting.
Lawmakers go home without balancing the budget
7/11/2008

Two days of special sessions by the General Assembly ended Thursday much as they began, with no bills passed to help balance the state budget.
How your lawmakers voted on gambling expansion
7/11/2008

The Illinois House voted 47-55 Thursday to reject a proposed gambling expansion plan that would have helped finance $34 billion in state construction. Here's how lawmakers from the Daily Herald's region voted.
SJ-R Exclusive: Blagojevich says Madigan forced budget cuts
7/10/2008

Gov. Rod Blagojevich says House Democrats may have won another battle in their war over a $34 billion capital construction program, but he’s not about to give up.
With budget ax in hand, governor orders lawmakers back to Capitol
7/3/2008

Gov. Rod Blagojevich on Wednesday ordered lawmakers back to the Capitol next week, demanding they come up with more money so he won't have to cut programs for seniors, veterans and others.
Gov. calls for special session next week on budget
7/3/2008

Despite few signs that the political logjam is loosening, Gov. Rod Blagojevich called on lawmakers Wednesday to return to the Capitol next week for another go-around on the state budget.
State's fiscal year starts without budget
7/1/2008

Rockford Register Star July 1, 2008 School districts, health-care providers and others dependent on state dollars can only guess how much money they'll receive in coming months - and when they might get it.
State lacks budget, but it's not out of money - yet
7/1/2008

State government is starting a budget year with no permanent spending plan in place and no firm timetable for having one. News articles continue to roll in about Governor Blagojevich's anxiety over an out-of-balance budget.
COMPTROLLER HYNES FINALLY ISSUES ILLINOIS' FINANCIAL REPORT
6/30/2008

Institute for Truth in Accounting review indicates each Illinois household's share of state debt is now more than $14,000.
"Governor's proposed cuts could make for another long summer"
6/25/2008

Governor's proposed cuts could make for another long summer. Lawmakers not worked up about threats, say they're 'nothing new.'
Blagojevich talks tough on budget
6/24/2008

If lawmakers don't come up with more dollars for the state's budget in two weeks, Gov. Rod Blagojevich will order $1.5 billion in draconian cuts to some of Illinois' most crucial services, including health care, education and transportation.
Governor's Right-Budget is Out of Balance
6/2/2008

Governor's Right-Budget is Out of Balance
Pass bill to speed payments, give realistic budget picture
3/9/2008

“ The state is fooling no one by claiming to have a balanced budget while shoving the payment of current year obligations into the next fiscal year. "
IFTA Introduces the Illinois' Public Accountability Pledge
12/1/2007

Daily Journal Illinois Budget Editorial: Promises, promises
8/9/2007

‘Leaders of both parties have laid down a 'smokescreen' for years for the voters.
Bringing Truth to the Illinois Budget Process
3/15/2007

The Institute is asking for the Governor to provide to us all with verifiable calculations, including the true costs, both short-term and long-term, of the additional spending proposed.
Public Sector Pension Plans in Illinois Event planned for February 16, 2007
2/15/2007

A public policy workshop where academics, politicians, and other interested professionals will examine the strategies and goals needed to ensure that all pension promises made to Illinois state employees are adequately funded.
State pension systems reap benefit from Ryan’s conviction
1/7/2007

Guest Columnist, Sheila Weinberg, for The Rock River Times
"It's time to ask why state is $106 billion in red"
12/11/2006

Chicago Sun-Times columnist points out that “the Institute for Truth in Accounting has been warning for years about the financial crisis Illinois is in.”
IFTA State Publication, "A Guide to the State of Illinois' True Financial Situation" garnered attention during the Illinois 2006 Budget Debate.
1/1/2006

"State budget falls short of accounting standards"
5/10/2005

: A guest essay by Sheila A. Weinberg, IFTA founder & CEO, appears in Pioneer Press papers, including Glencoe News, Highland Park News, and Wilmette Life