Truth in Accounting

Charlotte, NC

TIA Data

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

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Charlotte's Taxpayer Surplus™ is $3,400, 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 $2.6 billion of assets available to pay the state's bills totaling $1.7 billion.
Charlotte has $902.8 million available after bills have been paid, which breaks down to $3,400 per taxpayer.
Charlotte's reported net position is inflated by $308.9 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

2017 Financial State of Charlotte

2016 Financial State of Charlotte

2015 Financial State of Charlotte

Other Resources

Charlotte Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

IN THE NEWS
North Carolina cities Charlotte, Raleigh near top of finance report

FEBRUARY 10, 2020 | THE CENTER SQUARE | by Nyamekye Daniel

Two of North Carolina’s major cities are among a dozen of the nation's 75 most populous cities with a financial surplus, according to a new report. Charlotte ranked third and Raleigh ranked 11th in the Truth in Accounting's new Financial State of the Cities report released last week.

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