A “balanced budget” is one in which revenues are equal to expenditures. That’s the definition in any accounting textbook in the world. The single most important thing you can do right now as a citizen of Scottsdale, Arizona is to take a ten-minute break and watch the video of remarks of soon-to-be-former Scottsdale City Treasurer […]
SEC Charges Harrisburg PA for Misleading Financial Statements
From the Wall Street Journal, 6 May 2013. By Debbie Cai The Securities and Exchange Commission has charged the city of Harrisburg, Pa., with securities fraud for allegedly issuing misleading public statements relating to its financial condition. This marks the first time the SEC has charged a municipality for misleading statements made outside of its […]