Truth in Accounting

Los Angeles, CA

Click here for the detailed 2021 Financial State of Los Angeles (Released 2/7/2023)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Los Angeles owns more than it owes.
Los Angeles' Taxpayer Surplus™ is $5,000, and it received a "B" from TIA.
Los Angeles is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Los Angeles has $16.6 billion of assets available to pay the state's bills totaling $10.3 billion.
Los Angeles has $6.3 billion available after bills have been paid, which breaks down to $5,000 per taxpayer.
Los Angeles's reported net position is inflated by $4.3 billion, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 210 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Los Angeles Combined Taxpayer Burden

2020 Financial State of Los Angeles

2019 Los Angeles Combined Taxpayer Burden

2019 Financial State of Los Angeles

2018 Los Angeles Combined Taxpayer Burden

2018 Financial State of Los Angeles

2017 Los Angeles Combined Taxpayer Burden

2017 Financial State of Los Angeles

2016 Los Angeles Combined Taxpayer Burden

2016 Financial State of Los Angeles

2015 Financial State of Los Angeles

2014 Financial State of Los Angeles

Other Resources

Los Angeles Comprehensive Annual Financial Reports

Publishing Entity: Los Angeles City Controller

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