Cleveland, OH

TIA Data

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

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Cleveland's Taxpayer Burden™ is -$5,100, and it received a "D" from TIA.
Cleveland 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.
Cleveland only has $1.8 billion of assets available to pay bills totaling $2.5 billion.
Because Cleveland doesn't have enough money to pay its bills, it has a $682.1 million financial hole. To erase this shortfall, each Cleveland taxpayer would have to send $5,100 to the city.
Cleveland's reported net position is inflated by $144.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Cleveland

2016 Financial State of Cleveland

Other Resources

Cleveland Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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