“Illinois received zero points for balance sheet transparency”
By Jim Talamonti | The Center Square
A new report ranks Illinois 46 out of 50 states for financial transparency, partly due to the state’s slow fiscal reporting.
Truth in Accounting’s Financial Transparency Score 2026 report evaluates how effectively each state discloses its true financial condition through audited reports.
Truth in Accounting founder & CEO Sheila Weinberg said Illinois taxpayers are not given information on a timely basis.
“The voters and the elected officials are making budget decisions and other financial decisions without the most recent data,” Weinberg told The Center Square.
Illinois’ 2026 financial transparency score of 51 ranked 46th in the country on a report that evaluates audit quality, timeliness, pension reporting and accounting practices.
Weinberg said Illinois improved from a disclaimer opinion to a qualified opinion.
“They still can’t get their act together on their unemployment trust funds, so that’s why they received a qualified opinion,” Weinberg said.
Read on here.
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