Minneapolis, MN

2016 Financial State of Minneapolis (Released 1/24/2018)

Minneapolis' Taxpayer Burden™ is -$7,900, and it received a "D" from TIA.
Minneapolis 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.
Minneapolis only has $920.6 million of assets available to pay bills totaling $2.1 billion.
Because Minneapolis doesn't have enough money to pay its bills, it has a $1.2 billion financial hole. To erase this shortfall, each Minneapolis taxpayer would have to send $7,900 to the city.
Unlike most city governments, Minneapolis reports all of its retirement obligations on its balance sheet.
The city's financial report was released 159 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Minneapolis

Other Resources

Minneapolis Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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