Los Angeles, CA

TIA Data

2017 Financial State of Los Angeles (Released 10/29/2018)

 
Los Angeles' Taxpayer Burden.™ is -$6,000, and received a "D" from TIA.
Los Angeles 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 both assets and liabilities, not just pension debt.
Los Angeles only has $12.7 billion of assets available to pay bills totaling $20.4 billion.
Because Los Angeles doesn't have enough money to pay its bills, it has a $7.7 billion financial hole. To erase this shortfall, each Los Angeles taxpayer would have to send $6,000 to the city.
Los Angeles's reported net position is inflated by $2.9 billion, largely because the city defers recognizing losses incurred when the net pension liability increases.
The city's financial report was released 215 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

Los Angeles and its underlying government entities

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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