TIA's newest Financial State of the Cities came out on February 15, 2024.  This comprehensive analysis of the most populous U.S. cities includes the most up-to-date city finance and pension data, trends across the cities, and key findings. The report is based on each city's audited Annual Comprehensive Financial Report and retirement plans’ reports. 

At the end of the fiscal year 2022, 53 cities did not have enough money to pay all of their bills. This means that to claim their budgets were balanced—as is required by law in the 75 cities—elected officials have not included the actual costs of the government in their budget calculations and have pushed costs onto future taxpayers. Together, the 75 cities had $307.4 billion worth of assets available to pay bills; their debt, including unfunded retirement benefit promises, amounted to $595.3 billion. Pension debt totaled $175.9 billion, and other post-employment benefits (OPEB), mainly retiree health care, totaled $135.2 billion.

Using 2022 financial report numbers, the five bottom sinkhole cities, those with the highest Taxpayer Burden, were Portland, Philadelphia, Honolulu, Chicago, and New York.