Charlotte, NC

TIA Data

2019 Financial State of Charlotte (Released 1/26/2021)

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Charlotte's Taxpayer Surplus™ is $3,000, and it received a "B" from TIA.
Charlotte is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Charlotte has $2.8 billion of assets available to pay the state's bills totaling $2.1 billion.
Charlotte has $765.6 million available after bills have been paid, which breaks down to $3,000 per taxpayer.
Charlotte's reported net position is inflated by $173.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Charlotte

2017 Financial State of Charlotte

2016 Financial State of Charlotte

2015 Financial State of Charlotte

Other Resources

Charlotte Comprehensive Annual Financial Reports

Publishing Entity: City of Charlotte Finance Department

Majority of U.S. cities ill-prepared for COVID-19 pandemic

JANUARY 26, 2021

The 2021 Financial State of the Cities (FSOC) surveys the fiscal health of the 75 largest municipalities in the United States. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.