Phoenix, Mesa earn 'D' grades in financial-health review due to pension debt
CLOSE The non-profit watchdog Truth in Accounting gave Phoenix and Mesa "D" grades for their financial health. The national group cited pension debt as a key factor.
The Valley's two largest cities earned "D" grades in an annual review of government financial health because they don't have enough money to pay their bills.
Truth in Accounting, a national fiscal watchdog non-profit, released its "Financial State of the Cities" report this week, which analyzes the financial audits of the 75 most populous cities in the country.
Arizona cities' debtPhoenix has a... read more
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