The 2020 Financial State of the States report surveys the fiscal health of the 50 states prior to the coronavirus pandemic. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.
A plan to tap into reserve funds to the tune of $22.4 million to help balance the city of Santa Fe’s budget for the 2021 fiscal year isn’t without risk.
How large could the shortfall in state government general revenues be, amidst the coronavirus and related crises?
This year’s legislative session was important to some people with pensions, as a big-ticket bill to shore up New Mexico’s retirement system for state employees was passed.
There are few who can match the credentials of Sen. John Arthur Smith, D-Deming, when it comes to responsible government finances and being a good steward of public funds.
The rampant teacher shortage in New Mexico and elsewhere comes as no surprise given how little respect has been shown the profession the past two decades
Already under pressure to produce returns in the face of underfunded liabilities, some public pension boards also are having to address bad board behavior.
A coalition of retirees is turning to an unusual argument as it pushes back on plans to overhaul New Mexico’s underfunded pension system for public employees.
The executives running New Mexico’s main pension fund for city and state workers offered a sharp warning to state lawmakers Monday.
New Mexico's state treasurer is renewing accusations that past pay raises were not properly approved for the executive director at a state public pension fund.
“A legislative solvency fix for one of New Mexico’s large public retirement systems will probably have to wait until next year. Gov. Michelle Lujan Grisham on Monday ordered that a 19-member task force be created to study possible changes to the pension plans …”
Last week KRWG’s Anthony Moreno interviewed Truth In Accounting’s Sheila Weinberg, who explained why the Land of Enchantment performs abysmally when it comes to “how transparent [states] are to the public about their finances.”
A recent report by Truth In Accounting ranks New Mexico low when it comes to financial transparency. Sheila Weinberg, Founder and CEO of Truth In Accounting shares why the state scored one of the lowest in the country.
Paul and Dowd interview Sheila Weinberg of the Chicago-based Truth in Accounting. Her organization works to "compel governments to produce financial reports that are understandable, reliable, transparent and correct."
The announcement that New Mexico’s budget for the upcoming fiscal year is now $1.2 billion in surplus is welcome news. After a decade of fiscal and economic challenges, there are signs of life in the Land of Enchantment.
New Mexico has been late in reporting it's finances according to Sheila Weinberg, CEO and Founder of Truth in Accounting.
Recently, Moody’s Investors Services announced New Mexico’s finances deteriorated to the point that the state’s credit-worthiness was due for a downgrade.
The filing deadlines for candidates to enter state legislative races have already passed in 31 states.
Concerns over New Mexico’s pension liabilities and deeply rooted spending challenges prompted a national credit rating agency to downgrade the state’s bond rating on Monday – a blow to the state’s fiscal reputation and its second downgrade in two years.
Certain influential state legislators, and staff at New Mexico’s pension funds themselves, have recently proposed “fixes” for our pensions.