Boston, MA

TIA Data

2018 Financial State of Boston (Released 1/24/2020)

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Boston's Taxpayer Burden™ is -$10,200, and it received a "D" from TIA.
Boston 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.
Boston only has $2.4 billion of assets available to pay bills totaling $5.1 billion.
Because Boston doesn't have enough money to pay its bills, it has a $2.8 billion financial hole. To erase this shortfall, each Boston taxpayer would have to send $10,200 to the city.
Boston's reported net position is inflated by $65.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 177 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Boston

2016 Financial State of Boston

2015 Financial State of Boston

Other Resources

Boston Comprehensive Annual Financial Reports

Publishing Entity: Auditing Department