Tucson, AZ

TIA Data

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

 
Tucson's Taxpayer Burden.™ is -$8,900, and received a "D" from TIA.
Tucson 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.
Tucson only has $513.4 million of assets available to pay bills totaling $1.8 billion.
Because Tucson doesn't have enough money to pay its bills, it has a $1.3 billion financial hole. To erase this shortfall, each Tucson taxpayer would have to send $8,900 to the city.
Tucson's reported net position is overstated by $169.1 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Tucson

2015 Financial State of Tucson

Other Resources

Tucson Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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