Section: Around the Nation

GAO Unable to Express Opinion on U.S. Consolidated Financial Statements

The U.S. Government Accountability Office has released its audit of the U.S. government’s consolidated financial statements for fiscal years 2017 and 2016, finding that much work remains to improve federal financial management.

FAF Names New Trustees, Former GFOA CEO is the New Government Trustee

The Board of Trustees of the Financial Accounting Foundation has announced the appointment of Kathleen L. Casey, Jeffrey L. Esser, and David C. Villa to the FAF Board of Trustees, effective January 1, 2018.

NASACT 2017 Breaks Attendance Records

NASACT President and Tennessee State Treasurer David H. Lillard, Jr., recently welcomed state finance officials from around the nation to Nashville, Tennessee for the association's 102nd annual conference. Over 500 were in attendance, a record for recent history.

Message from Immediate Past President Lillard

As my tenure is coming to a close, I want to leave you with one particular observation, and that is the importance of being active.

NFMA Seeks Comments on Disclosure of Statutory Liens

The National Federation of Municipal Analysts has released a draft white paper on “General Obligation Bond Payment Protections: Statutory Liens and Related Disclosure.” The NFMA addressed this topic in a white paper “to call attention to the lack of uniform, transparent and clear disclosure of the payment sources and security protections afforded” to the holders of general obligation debt.

NASBO Releases Latest Fiscal Survey of the States

The National Association of State Budget Officers has released a new report on the general view of state government fiscal health. NASBO found that most state budgets continue to grow at a moderate pace after several years of slow recovery following the Great Recession. However, the progress has been uneven across states, and long-term spending pressures remain in areas such as health care, education, pensions and infrastructure...

NASRA Completes Review of State Pension Reforms

With assistance from the American Association of Retired Persons, the National Association of State Retirement Administrators recently completed a comprehensive review of state pension reforms since the Great Recession. The report, Significant Reforms to State Retirement Systems, found this to be the greatest period of change in the history of public pensions...