Raleigh, NC

TIA Data

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

 
Raleigh's Taxpayer Surplus.™ is $600, and received a "B" from TIA
Raleigh is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Raleigh has $948.2 million of assets available to pay the state's bills totaling $868.3 million.
Raleigh has $79.9 million available after bills have been paid, which breaks down to $600 per taxpayer.
The city is hiding nearly 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 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 Raleigh

2015 Financial State of Raleigh

Other Resources

Raleigh Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

IN THE NEWS
VIEW LESS