Las Vegas, NV

2016 Financial State of Las Vegas (Released 1/24/2018)

Las Vegas' Taxpayer Burden™ is -$1,200, and it received a "C" from TIA.
Las Vegas is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have led to a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement accounts for all assets and liabilities, including pension and retiree healthcare debt.
Las Vegas only has $597.6 million of assets available to pay bills totaling $838.7 million.
Because Las Vegas doesn't have enough money to pay its bills, it has a $241.2 million financial hole. To erase this shortfall, each Las Vegas taxpayer would have to send $1,200 to the city.
Unlike most city governments, Las Vegas reports all of its retirement obligations on its balance sheet.
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

2015 Financial State of Las Vegas

Other Resources

Las Vegas Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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