Albuquerque, NM

TIA Data

2020 Financial State of Albuquerque (Released 1/25/2022)

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Albuquerque's Taxpayer Burden™ is -$6,400, and it received a "D" from TIA.
Albuquerque 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.
Albuquerque only has $838.7 million of assets available to pay bills totaling $1.9 billion.
Because Albuquerque doesn't have enough money to pay its bills, it has a $1 billion financial hole. To erase this shortfall, each Albuquerque taxpayer would have to send $6,400 to the city.
Albuquerque's reported net position is understated by $13.6 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 233 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2019 Financial State of Albuquerque

2018 Financial State of Albuquerque

2017 Financial State of Albuquerque, NM

2016 Financial State of Albuquerque

2015 Financial State of Albuquerque

Other Resources

Albuquerque Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance and Administrative Services