Omaha, NE

TIA Data

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

Omaha's Taxpayer Burden.™ is -$7,300, and received a "D" from TIA.
Omaha 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.
Omaha only has $393.8 million of assets available to pay bills totaling $1.5 billion.
Because Omaha doesn't have enough money to pay its bills, it has a $1.1 billion financial hole. To erase this shortfall, each Omaha taxpayer would have to send $7,300 to the city.
The city is still hiding $132.9 million 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 180 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2016 Financial State of Omaha

2015 Financial State of Omaha

Other Resources

Omaha Comprehensive Annual Financial Reports

Publishing Entity: City of Omaha Finance Department

OPS’s $771 million pension shortfall a product of ‘mind-boggling’ mistakes

JANUARY 15, 2019 | OMAHA WORLD HERALD (NEBRASKA) | by Henry Cordes

“… But the problems in the Omaha School Employees’ Retirement System — known among district retirees as OSERS — go well beyond bad decisions by unsophisticated trustees. In an occasional series that begins today, The World-Herald will reveal an up-to-now untold story featuring bad investment decisions, questionable practices, cozy relationships, lack of oversight and a massive case of fraud.”