Nashville, TN

TIA Data

2017 Financial State of Nashville (Released 1/29/2019)

 
Nashville's Taxpayer Burden.™ is -$14,000, and received a "D" from TIA.
Nashville 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.
Nashville only has $3.3 billion of assets available to pay bills totaling $6.2 billion.
Because Nashville doesn't have enough money to pay its bills, it has a $2.9 billion financial hole. To erase this shortfall, each Nashville taxpayer would have to send $14,000 to the city.
The city is still hiding $1.6 billion of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require governments to report this debt on the balance sheet.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Nashville

2015 Financial State of Nashville

Other Resources

Nashville Comprehensive Annual Financial Reports

Publishing Entity: Office of Finance

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