Posts tagged "Truth In Accounting"

Truth in Accounting's Fifty State Study Uncovers the True Financial Condition of the States

From the Institute for Truth in Accounting… Only four U.S. states have sufficient assets to pay their debt and obligations related to pension and retirees’ healthcare Today, the Institute for Truth in Accounting (IFTA) announces completion of a significant, comprehensive study of all 50 states’ assets and liabilities, including pension and retirement healthcare obligations. The... Read more »

True Bridgeport, Conn. Financial Burden is $1.4 Billion

Today the Institute for Truth in Accounting and the Comeback America Initiative released Bridgeport, Connecticut’s “Financial State of the City.” After an intensive review of the city’s 2010 audited financial report and actuarial reports, the Institute determined that, like many cities, Bridgeport is in a precarious financial position, because it is $1.4 billion short of... Read more »

Truth in Accounting Issues: Connecticut's 'Financial State of the State' - True Tax Burden $63.5 Billion

Today, the Institute for Truth in Accounting and the Comeback America Initiative released Connecticut’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the state is in a precarious financial position, because it does not have the funds available to pay over $63.5 billion of... Read more »
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Legislation Calls for More Transparency and Accountability During the Illinois Budget Process

From the Institute for Truth in Accounting… (Chicago, March 18, 2011) — State Representative Mike Tryon (IL-64th District) has introduced the Long-Term Accounting Act into the Illinois legislature. The Act calls for increased timeliness, transparency and accountability during the state budgeting process. “Not knowing the long term consequences of the Illinois budget has put our... Read more »

Legislation Calls for More Transparency and Accountability During the Illinois Budget Process

From the Institute for Truth in Accounting… (Chicago, March 18, 2011) — State Representative Mike Tryon (IL-64th District) has introduced the Long-Term Accounting Act into the Illinois legislature. The Act calls for increased timeliness, transparency and accountability during the state budgeting process. “Not knowing the long term consequences of the Illinois budget has put our... Read more »

Illinois Legislative Leaders Fail To Obey Budget Law

Illinois Legislative Leaders Fail To Obey Budget Law
From The Institute for Truth in Accounting… (Chicago, March 17, 2011) – On every third Wednesday in March Illinois’ House and Senate are required to adopt a joint resolution that is equivalent to a family deciding how much it will have available to spend in next year’s budget. The day was yesterday, March 16, and... Read more »
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Truth in Accounting Issues: Washington's 'Financial State of the State' - True Tax Burden $31.7 Billion

From the Institute for Truth in Accounting… Chicago (November 29, 2010) Today, the Institute for Truth in Accounting released Washington’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the State is in a precarious financial position because it does not have the funds available... Read more »

Truth in Accounting Issues: Pennsylvania's 'Financial State of the State' - True Tax Burden $52 Billion

From the Institute for Truth in Accounting… Chicago (November 29, 2010) Today, the Institute for Truth in Accounting released Pennsylvania’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the State is in a precarious financial position because it does not have the funds available... Read more »

Truth in Accounting Issues: Kentucky's 'Financial State of the State' - True Tax Burden $32 Billion

From the Institute for Truth in Accounting… Chicago (November 29, 2010) Today, the Institute for Truth in Accounting released Kentucky’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the State is in a precarious financial position because it does not have the funds available... Read more »
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Truth in Accounting Issues: Alaska's 'Financial State of the State' - True Tax Burden $555 Million

From the Institute for Truth in Accounting… Chicago (November 29, 2010) Today, the Institute for Truth in Accounting released Alaska’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the State is in a precarious financial position because it does not have the funds available... Read more »