You’ve heard the refrain: State and local governments have run out of money and they need to balance their budget with taxes and service cutbacks. While it’s a popular notion espoused by the news media, it’s not true, as told by our guest, Walter Burien, who points to the data contained in a set of documents known as the Comprehensive Annual Financial Report (CAFR).
Walter Burien’s website, CAFR1.com.
Comprehensive annual financial report
From Wikipedia, the free encyclopedia
A Comprehensive Annual Financial Report (CAFR) is a set of government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements—generally accepted accounting principles—promulgated by the Financial Accounting Standards Board.
Click here to hear an excerpt from Burien’s last appearance on the radio show on Feb. 3 where he discussed the sham accounting records of government agencies.