Cincinnati, OH

TIA Data

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

 
Cincinnati's Taxpayer Burden.™ is -$9,200, and received a "D" from TIA.
Cincinnati 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.
Cincinnati only has $728.3 million of assets available to pay bills totaling $1.7 billion.
Because Cincinnati doesn't have enough money to pay its bills, it has a $943.2 million financial hole. To erase this shortfall, each Cincinnati taxpayer would have to send $9,200 to the city.
Of the $4.4 billion in retirement benefits promised, the city has not funded $984.4 million in pension and $23.5 million in retiree health care benefits.
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 of Cincinnati

Other Resources

Cincinnati Comprehensive Annual Financial Reports

Publishing Entity: Finance and Budget

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