Tulsa, OK

TIA Data

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

 
Tulsa's Taxpayer Burden.™ is -$500, and received a "C" from TIA.
Tulsa 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.
Tulsa only has $1 billion of assets available to pay bills totaling $1.1 billion.
Because Tulsa doesn't have enough money to pay its bills, it has a $54 million financial hole. To erase this shortfall, each Tulsa taxpayer would have to send $500 to the city.
Tulsa's reported net position is overstated by $79.7 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 172 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Tulsa

2015 Financial State of Tulsa

Other Resources

Tulsa Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

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