Oakland, CA

TIA Data

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

 
Oakland's Taxpayer Burden.™ is -$21,100, and received an "F" from TIA.
Oakland 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.
Oakland only has $1.3 billion of assets available to pay bills totaling $4.2 billion.
Because Oakland doesn't have enough money to pay its bills, it has a $2.9 billion financial hole. To erase this shortfall, each Oakland taxpayer would have to send $21,100 to the city.
Oakland's reported net position is overstated by $317.6 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Oakland

2015 Financial State of Oakland

Other Resources

Oakland Comprehensive Annual Financial Reports

Publishing Entity: Accounting Division

IN THE NEWS
VIEW LESS