Baltimore, MD

TIA Data

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

 
Baltimore's Taxpayer Burden.™ is -$14,600, and received a "D" from TIA.
Baltimore 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.
Baltimore only has $2.2 billion of assets available to pay bills totaling $5.4 billion.
Because Baltimore doesn't have enough money to pay its bills, it has a $3.2 billion financial hole. To erase this shortfall, each Baltimore taxpayer would have to send $14,600 to the city.
Baltimore's reported net position is overstated by $626.5 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 Baltimore

2015 Financial State of Baltimore

Other Resources

Baltimore Comprehensive Annual Financial Reports

Publishing Entity: Baltimore City Department of Finance

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