Truth In Accounting
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From Prairie State Wire
Illinois receives failing grade for budgeting from Truth in Accounting
Illinois received an 'F' from a nonpartisan accounting organization that measures state transparency and reliability in accounting practices
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Chicago ranks 74th on most populous cities with financial liabilities
Chicago ranked 74th out of the 75 cities with the highest population in the U.S. for its financial state with over $30,000 in liabilities per taxpayer, a Truth in Accounting (TIA) analysis of municipal data report said.
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From Prairie State Wire
Illinois gets below-average marks on financial transparency
Illinois received a score of 72 on making key financial information accessible and understandable to the public, according to a new report from Truth in Accounting (TIA), a Chicago-based policy institute.
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Illinois among states seen as on the precipice of a pension disaster
Officials in Springfield and around the country are talking about a “pension cliff” and trying to determine what will happen as large numbers of educators become fully vested in school district pension benefit systems.