Atlanta, GA

TIA Data

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

 
Atlanta's Taxpayer Burden.™ is -$12,800, and received a "D" from TIA.
Atlanta 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.
Atlanta only has $3.1 billion of assets available to pay bills totaling $4.8 billion.
Because Atlanta doesn't have enough money to pay its bills, it has a $1.7 billion financial hole. To erase this shortfall, each Atlanta taxpayer would have to send $12,800 to the city.
Atlanta's reported net position is overstated by $457.7 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Atlanta

2015 Financial State of Atlanta

Other Resources

Atlanta Comprehensive Annual Financial Reports

Publishing Entity: Atlanta Department of Finance

IN THE NEWS
Public kept in the dark about city pension performance

JANUARY 15, 2019 | ATLANTA JOURNAL CONSTITUTION | by Yamil Berard

“… Lackluster results from some money managers was one reason the City Council  in December 2017 voted to consolidate oversight of the general employees, police and fire retirement funds under a single board. … The city also said the move would improve transparency, so the public could be confident that the funds were being safeguarded. So far, the new board has failed to deliver on either count …” 

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