Jacksonville, FL

TIA Data

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

 
Jacksonville's Taxpayer Burden.™ is -$8,800, and received a "D" from TIA.
Jacksonville 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.
Jacksonville only has $3.6 billion of assets available to pay bills totaling $6.1 billion.
Because Jacksonville doesn't have enough money to pay its bills, it has a $2.6 billion financial hole. To erase this shortfall, each Jacksonville taxpayer would have to send $8,800 to the city.
Jacksonville's reported net position is overstated by $918 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 265 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Jacksonville

2015 Financial State of Jacksonville

Other Resources

Jacksonville Comprehensive Annual Financial Reports

Publishing Entity: Finance and Administration Department

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