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Sheila Weinberg
@Sheila_Weinberg
CEO & Founder of Truth in Accounting (). Mother of two wonderful young men. I'll beat you at Tennis
ChicagoJoined July 2013
Sheila Weinberg’s Tweets
Register for our webinar TOMORROW at 11:30 a.m. CT. You'll have the opportunity to ask me and questions!
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Our Ask the Experts webinar is this week! Register here to attend a discussion on government transparency and accountability: bit.ly/3bynaZx
How transparent is your state government? The least transparent may surprise you this year!
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Our Financial Transparency Score 2021 report is NOW AVAILABLE! Only 37 states passed its audit, 10 fewer than last year. See your state's score here:
truthinaccounting.org/news/detail/fi
Our Financial Transparency Score 2021 report is NOW AVAILABLE! Only 37 states passed its audit, 10 fewer than last year. See your state's score here:
truthinaccounting.org/news/detail/fi
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#Texas earned 28th place, scoring 77 out of 100 in
2021 Financial Transparency Score. #txlege Link: truthinaccounting.org/news/detail/fi
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Watch a recording of last week's Ask the Expert webinar event on Congress' debt limit and social security below!
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Join us today at 3pm CT! Register to receive the Zoom link: us06web.zoom.us/webinar/regist
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Ask the Experts webinar event is TOMORROW! We'll be discussing the #DebtLimit & #SocialSecurity. Register here: us06web.zoom.us/webinar/regist
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To put that in another perspective, the federal government will spend his entire fortune in about two weeks.
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Elon Musk's wealth surpassed $200 billion this week. To put that into perspective, it would take the median U.S. worker 4,815,216 years to make that much.
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How can claim a balanced budget when finds that the state is more than $236 billion in debt? It all depends on how you count. Learn more from my column in the .
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Where did your state rank in our Financial State of the States 2021 report? truthinaccounting.org/fsos
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Our new Financial State of the States report was featured in as an example of government mismanagement. We found that California was $264.5 billion short of what it needed to pay its bills even though they claim to have a surplus.
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The Mafia’s Management Problem wsj.com/articles/the-m via @WSJOpinion
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California's governor may have claimed a surplus of $75 billion but our report found that the state actually has a $264.5 billion shortfall. Thanks for mentioning our Financial State of the States 2021 report @.
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Where did your state rank in our new report? Find out truthinaccounting.org/fsos
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Our recent Financial State of the States report found that majority of state finances worsened in 2020, which means Taxpayer Burdens also worsened.
realclearpolitics.com/2021/10/05/7_o
Opinion: State ranks very poorly on fiscal health
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Want to learn more about our new Financial State of the States report but don't want to read the 130+ page document? Join us on Thursday for a webinar!
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Registration for our next Ask the Experts webinar is still open! Register here: bit.ly/3o0VCTX
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12 years of consistent data!! Learn more about the true financial condition of your state.
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Our twelfth annual Financial State of the States report is NOW AVAILABLE! Overall, state debt worsened in fiscal year 2020 despite federal aid from the CARES Act and other COVID-19 related grants. Learn more: truthinaccounting.org/fsos
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How can the trustees determine how much to spend if they don’t know how much money they have available?
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.@Sheila_Weinberg's analysis on the Norwood Park Township budget found that they were missing some key information and could be running in the red if their spending trends continue.
chicagotribune.com/suburbs/norrid
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.'s analysis on the Norwood Park Township budget found that they were missing some key information and could be running in the red if their spending trends continue.
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Is GAAP really GAAP? Governments always find loopholes...
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GAAP fund accounting supports budget shenanigans such as recording loan proceeds as revenues, reducing current costs by delaying paying bills, and underfunding earned and promised retirement benefits, writes Sheila Weinberg of @truthinacct trib.al/UAmEbPa
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My latest commentary on government accounting is up at
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. explains the consequences of bad spending practices and not having a balanced budget. These consequences are seen in Texas as the state is $97 billion in debt.
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How are the Governmental Accounting Standards Board continuing down the wrong path? 's new reflection analyzes flaws in their current practices. Read it here: bit.ly/3eqor6U
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Let's embrace a rare opportunity for government transparency bit.ly/3iB2frN
Via @Sheila_Weinberg @GroverNorquist
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Don't forget to register for our Ask the Experts webinar! We'll be looking at transparency in the city of Chicago. Register here: bit.ly/3k2B5fK
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Government finances don't have to be this confusing... Learn more here: truthinaccounting.org/resources/page #twill
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.'s new reflection discusses a budgeting workshop for Chicago residents despite the city claiming to “balance” their budget while incurring billions of dollars of debt. You can read the full reflection here: bit.ly/3vsw4iS
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Join me on Thursday for this awesome webinar!
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June 24 with @NTU: Pentagon Purse Strings Episode 6: When You Wish Upon a DoD Budget bit.ly/3gqLNtn @romeshratnesar @bopinion, @MarkThompson_DC @POGOwatchdog, @Sheila_Weinberg @truthinacct, our @jbydlak, @andrew_lautz @NTU1
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Thanks to loopholes in Illinois' balanced budget requirement, the state can “balance” its budget by just not paying its bills resulting in the backlog of bills.
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Check out @Sheila_Weinberg's guest commentary on @newsgazette. She discusses whether or not illinois' decreasing backlog of unpaid bills is as big of an achievement as advertised.
news-gazette.com/opinion/guest-
Out of the top 10 most populous cities, Chicago taxpayers are on the hook for the greatest amount, $126,600 per taxpayer.
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My latest reflection on how the SEC can help change state and local accounting standards for the better. truthinaccounting.org/news/detail/th
Did you know that #US states that claim to balance their #budgets are actually stiffing creditors and taxpayers? Learn more in our latest podcast episode with Sheila Weinberg, founder and CEO of . bit.ly/30DCFKO
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Eleven years of the Financial State of the States! A lot has changed in those 11 years, but not our methodology. truthinaccounting.org/news/detail/el
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MT “All 50 states could lose a combined $397 billion in revenue as a result of the coronavirus pandemic.”
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Thirty-nine states do not have enough money to pay their bills, and unfortunately, their situation will only worsen. bit.ly/2FTlIoe My latest Thanks for 'State of the State' data & analysis.
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My latest analysis on new report: New Jersey’s Debt Of Nearly $58,000 Per Taxpayer Is Nation’s Highest.
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Here are our top 5 Sunshine States and bottom 5 Sinkhole States from our new Financial State of the States report.
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