Includes: “Truth in Accounting, an organization dedicated to educating the public about government financial information, released their 2022 Financial State of the Cities report today. ... Though each city has some manner of a balanced budget rule, accounting tricks such as counting borrowed money as income, hiding current bills by punting them to the next fiscal year, and excluding the true retirement cost of state employees cause confusion and may allow cities to manipulate their bottom line.”
Read the full article on: John Locke Foundation