by Rod Williams, March 16, 2025 - Truth in Accounting has released its ninth annual Financial State of the Cities report and found that 54 cities do not have enough money to pay their bills. Nashville is one of those and ranks number 32 from the top, the top of the list being the most financially healthy city.
The financially healthiest cities, Truth in Accounting calls "Sunshine Cities," and those on the bottom of the least TIA calls "Sinkhole Cities." Here are the best and the worst:
Below is the segment that shows Nashville's ranking and the cities in adjacent financial standing.
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Memphis is ranked 58th. Other Tennessee cities are not among the top 75 largest so are not included in the report.
While cities are required to have balanced budgets, they often use accounting tricks to calculate the budgets, such as these:
• Inflating revenue assumptions
• Counting borrowed money as income
• Understating the true costs of government by leaving pension and
other retirement costs “off the books”
• Delaying the payment of current bills until the start of the next
It should be noted that this report only addresses the issue of financial health of the city, not how well managed a city is or quality of life factors, bond rating or tax levels.
Below is the one-page report on Nashville:
To view the complete report, follow this link.
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