Baltimore : State Data and Comparisons : Data-Z

Baltimore, MD

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Baltimore owes more than it owns.

Baltimore has a -$14,100 Taxpayer Burden.™

Baltimore 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.

Baltimore only has $3.6 billion of assets available to pay bills totaling $6.1 billion.

Because Baltimore doesn't have enough money to pay its bills, it has a -$3 billion financial hole. To erase this shortfall, each Baltimore taxpayer would have to send -$14,100 to the city.

Expense growth outpaced revenue growth, while the police and fire pension system was only about 65 percent funded.

The city's financial report was released 184 days after its fiscal year end, which is considered untimely according to the 180 day standard.