Columbus, OH

TIA Data

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

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Columbus' Taxpayer Burden™ is -$1,200, and it received a "C" from TIA.
Columbus 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.
Columbus only has $2.3 billion of assets available to pay bills totaling $2.6 billion.
Because Columbus doesn't have enough money to pay its bills, it has a $358.8 million financial hole. To erase this shortfall, each Columbus taxpayer would have to send $1,200 to the city.
Columbus's reported net position is inflated by $117 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 89 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Columbus

2018 Financial State of Columbus

2017 Financial State of Columbus, OH

2016 Financial State of Columbus

2015 Financial State of Columbus

Other Resources

Columbus Comprehensive Annual Financial Reports

Publishing Entity: City Auditor

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