Cleveland, OH

TIA Data

2020 Financial State of Cleveland (Released 1/25/2022)

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Cleveland's Taxpayer Surplus™ is $29, and it received a "B" from TIA.
Cleveland 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.
Cleveland has $1.9 billion of assets available to pay the state's bills totaling $1.9 billion.
Cleveland has $3.8 million available after bills have been paid, which breaks down to $29 per taxpayer.
Cleveland's reported net position is inflated by $100 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2019 Financial State of Cleveland

2018 Financial State of Cleveland

2017 Financial State of Cleveland, OH

2016 Financial State of Cleveland

Other Resources

Cleveland Comprehensive Annual Financial Reports

Publishing Entity: Finance Department