Chula Vista, CA

TIA Data

2017 Financial State of Chula Vista (Released 1/29/2019)

 
Chula Vista's Taxpayer Burden.™ is -$3,000, and it received a "C" from TIA.
Chula Vista 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.
Chula Vista only has $151.2 million of assets available to pay bills totaling $404.3 million.
Because Chula Vista doesn't have enough money to pay its bills, it has a $253 million financial hole. To erase this shortfall, each Chula Vista taxpayer would have to send $3,000 to the city.
The city is hiding $43.8 million of pension and retiree health care liabilties from its balance sheet.
The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State Chuala Vista

Other Resources

Chula Vista Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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