Chula Vista, CA

TIA Data

2020 Financial State of Chula Vista (Released 1/25/2022)

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Chula Vista's Taxpayer Burden™ is -$1,200, and it received a "C" from TIA.
Chula Vista 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.
Chula Vista only has $351.9 million of assets available to pay bills totaling $455.6 million.
Because Chula Vista doesn't have enough money to pay its bills, it has a $103.7 million financial hole. To erase this shortfall, each Chula Vista taxpayer would have to send $1,200 to the city.
Chula Vista's reported net position is inflated by $53.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 213 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Chula Vista

2018 Financial State of Chula Vista

2017 Financial State of Chula Vista, CA

2016 Financial State of Chuala Vista

Other Resources

Chula Vista Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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