Aurora, CO

2016 Financial State of Aurora (Released 1/24/2018)

Aurora's Taxpayer Surplus™ is $1,700, and it received a "B" from TIA.
Aurora is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have led to a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement accounts for all assets and liabilities, including pension and retiree healthcare debt.
Aurora has $487.5 million of assets available to pay the state's bills totaling $279.3 million.
Aurora has $208.1 million available after bills have been paid, which breaks down to $1,700 per taxpayer.
Thanks to an accounting rule implemented in the 2015 fiscal year, Aurora must report its pension debt on its balance sheet. However, the city still excludes $14.8 million of retirement obligations, which consist entirely of retiree healthcare liabilities. A new accounting standard will be implemented in the 2018 fiscal year that will require governments to report these liabilities on the balance sheet as well.
The city's financial report was released 157 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Other Resources

Aurora Comprehensive Annual Financial Reports

Publishing Entity: Aurora City Finance and Budget

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