Las Vegas, NV

TIA Data

2017 Financial State of Las Vegas (Released 1/29/2019)

 
Las Vegas' Taxpayer Burden.™ is -$2,800, and received a "C" from TIA.
Las Vegas 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.
Las Vegas only has $631.8 million of assets available to pay bills totaling $1.2 billion.
Because Las Vegas doesn't have enough money to pay its bills, it has a $557.3 million financial hole. To erase this shortfall, each Las Vegas taxpayer would have to send $2,800 to the city.
Las Vegas's reported net position is overstated by $113 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 160 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Las Vegas

2015 Financial State of Las Vegas

Other Resources

Las Vegas Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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