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State of our States
The non-profit group, Truth in Accounting (www.truthinaccounting.org), recently released their comprehensive review of the financial reports of all 50 states for 2014 (“Financial State of the States”). According to the organization, states have made little progress in reducing the almost $1.3 trillion in unfunded liabilities that exist on their books. Some states are in great shape. However, many face a difficult, uphill battle to reclaim financial health.
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