Colorado Springs, CO

TIA Data

2017 Financial State of Colorado Springs (Released 1/29/2019)

 
Colorado Springs' Taxpayer Burden.™ is -$2,000, and received a "C" from TIA.
Colorado Springs 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.
Colorado Springs only has $1.6 billion of assets available to pay bills totaling $1.9 billion.
Because Colorado Springs doesn't have enough money to pay its bills, it has a $326.4 million financial hole. To erase this shortfall, each Colorado Springs taxpayer would have to send $2,000 to the city.
Colorado Springs's reported net position is overstated by $282.5 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 166 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Colorado Springs

2015 Financial State of Colorado Springs

Other Resources

Colorado Springs Comprehensive Annual Financial Reports

Publishing Entity: Accounting Office

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