Anchorage, AK

TIA Data

2017 Financial State of Anchorage (Released 1/29/2019)

 
Anchorage's Taxpayer Burden.™ is -$2,100, and received a "C" from TIA.
Anchorage is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Anchorage only has $859.8 million of assets available to pay bills totaling $1.1 billion.
Because Anchorage doesn't have enough money to pay its bills, it has a $244.9 million financial hole. To erase this shortfall, each Anchorage taxpayer would have to send $2,100 to the city.
The city is hiding all of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require governments to report this debt on the balance sheet.
As of Dec. 15, 2018, the city's 2017 comprehensive annual financial report was still not publicly available.
 

Prior Years' TIA Data

2016 Financial State of Anchorage

Other Resources

Anchorage Comprehensive Annual Financial Reports

Publishing Entity: Controller Division

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