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).<\/p>\n
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References<\/strong> Comprehensive annual financial report<\/a> 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\u2014generally accepted accounting principles\u2014promulgated by the Financial Accounting Standards Board.<\/p>\n Click here<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":" 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 … Continue reading
\nWalter Burien’s website, CAFR1.com<\/a>.<\/p>\n
\nFrom Wikipedia, the free encyclopedia<\/p>\n