Oklahoma City, OK

TIA Data

2017 Financial State of Oklahoma City (Released 1/29/2019)

 
Oklahoma City's Taxpayer Burden.™ is -$1,000, and received a "C" from TIA.
Oklahoma City 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.
Oklahoma City only has $1.3 billion of assets available to pay bills totaling $1.5 billion.
Because Oklahoma City doesn't have enough money to pay its bills, it has a $185.6 million financial hole. To erase this shortfall, each Oklahoma City taxpayer would have to send $1,000 to the city.
Oklahoma City's reported net position is overstated by $122.5 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 140 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Oklahoma City

2015 Financial State of Oklahoma City

Other Resources

Oklahoma City Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

VIEW LESS