Includes: "Seattle is one of 26 cities to receive a grade of ‘C’ for total debt per taxpayer according to Truth in Accounting’s new Financial State of the Cities report. ... Even though all 75 cities have a balanced budget requirement in place but racked up billions in debt, TIA noted that municipalities use various accounting tricks to make their budgets appear balanced. That includes inflating revenue assumptions, counting borrowed money as income, understating the true cost of government and delaying the payment of current bills until the following fiscal year so they aren’t included in budget calculations."