Financial Facts

November 4, 2013

By Vicky Steinruck

FinancialFacts

According to the Municipal Securities Rulemaking Board, it is taking state and local governments close to a year to release annual financial statements.

For the first six months of 2013, issuers were posting audited financial statements an average of 339 days after the end of their fiscal years-three times longer than federal securities regulators want.

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