California’s financial state deteriorates as officials slack on making financial data public

There are two ways California could use some truth in accounting. First, with the extraordinary level of waste, fraud and abuse in this state, it is indisputable we need more fiscal discipline and oversight.  Second, and in furtherance of the first, Truth in Accounting (TIA) is a highly reputable think tank that analyzes government financial reports. Its conclusions about California are disturbing to say the least. 

Last week, TIA released its fifteenth annual Financial State of the States report...