Where does your city stack up in Truth in Accounting’s new report? And do you agree with their calculations?
Forbes post, “Is Your City Safe From Pension Debt?”
Where does your city stack up in Truth in Accounting’s new report? And do you agree with their calculations?
Based on pension underfunding, on the books debts, and inadequate past infrastructure spending, if New York City were a separate state it would have the second most sold out future among states, behind Rhode Island.
https://larrylittlefield.wordpress.com/2018/12/20/sold-out-futures-by-state-the-sold-out-future-ranking-for-2016/
Methodology and four decades of data from the Governments Division of the U.S. Census Bureau here.
https://larrylittlefield.wordpress.com/2018/12/06/sold-out-futures-a-state-by-state-comparison-of-state-and-local-government-debts-past-infrastructure-investment-and-unfunded-pension-liabilities/
State by state discussion of debt and past infrastructure investment here.
https://larrylittlefield.wordpress.com/2018/12/06/sold-out-futures-a-state-by-state-comparison-of-state-and-local-government-debts-past-infrastructure-investment-and-unfunded-pension-liabilities/
And data on pensions along here.
https://larrylittlefield.wordpress.com/2018/12/16/sold-out-futures-by-state-public-employee-pensions-in-fy-2016/
But the state and local government situation is just one part of the pillaging of the future from the generations to follow by Generation Greed. At the federal level, in business, and even in many families.
http://www.if.org.uk/2019/01/15/generational-inequity-in-the-usa-state-and-local-government/
This is a values problem, not a technical problem.