Phoenix, AZ

TIA Data

2017 Phoenix Combined Taxpayer Burden (Released 5/14/2019)

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

Phoenix's Taxpayer Burden.™ is -$5,900, and received a "D" from TIA.
Phoenix 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.
Phoenix only has $3.8 billion of assets available to pay bills totaling $6.5 billion.
Because Phoenix doesn't have enough money to pay its bills, it has a $2.7 billion financial hole. To erase this shortfall, each Phoenix taxpayer would have to send $5,900 to the city.
The city is hiding all 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 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2016 Phoenix Combined Taxpayer Burden

2016 Financial State of Phoenix

2015 Financial State of Phoenix

2014 Financial State of Phoenix

Other Resources

Phoenix Comprehensive Annual Financial Reports

Publishing Entity: City of Phoenix Finance Department