In spring 2020, state and local governments were confronted with cascading costs in managing the public health response to the pandemic, spiking unemployment, and steep sales tax and user fee revenue declines resulting from business disruption and restrictions. The situation appeared dire. During the second quarter of 2020, from April to June, the U.S. Government…
Watchdog Warns States Blowing ‘Budget Surpluses’ on Wants Not Needs
April 15, 2022
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2022 Mid-term electionseconomygovernment debtPolicies & ImpactsPoliticsState budgetsTruth-in-AccountingUncategorizedUSUS News
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New Jersey Taxpayers ‘On the Hook’ for Massive Debt: Report
December 8, 2021
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Business & Economydebteconomic policiesGarden StateNew JerseyPolicies & ImpactsRegional NewsRegional-Local NewsTruth-in-AccountingUSUS News
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New Jersey has huge, possibly dangerous, levels of debt, a new report says, but most state officials won’t discuss it. Each Garden State taxpayer owes tens of thousands of dollars and is in a tax “sinkhole,” but so are many other Americans, according to the report. That is because New Jersey leaders of both parties…
Chicago Taxpayers Face Heavier Tax Burden Than Other Most Populous US Cities: Report
Windy City taxpayers face a much higher unfunded tax burden than those living in any of the nation’s other most populous cities, including New York, according to new calculations by Truth in Accounting (TIA). “The City of Chicago is in significantly worse financial shape than it might first appear, and its taxpayers face the highest…
Chicago Taxpayers Face Heaviest Burden Among 10 Most Populous U.S. Cities: Report
Windy City taxpayers face a much higher unfunded tax burden than those living in any of the nation’s other most populous cities, including New York, according to new calculations by Truth in Accounting (TIA). “The City of Chicago is in significantly worse financial shape than it might first appear, and its taxpayers face the highest…
Chicago Taxpayers Face Heaviest Burden Among 10 Most Populous US Cities: Report
Windy City taxpayers face a much higher unfunded tax burden than those living in any of the nation’s other most populous cities, including New York, according to new calculations by Truth in Accounting (TIA). “The City of Chicago is in significantly worse financial shape than it might first appear, and its taxpayers face the highest…
True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer
America’s national debt now exceeds $123 Trillion, according to a new report, or more than four times the official figure of $28 Trillion, as calculated by the U.S. Treasury Department at the end of March 2021. Federal spending related to the CCP Virus pandemic and economic lockdown added nearly $10 Trillion to the total in…
True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer: Report
America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March. Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020,…
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