Columbus, OH

TIA Data

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

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Columbus' Taxpayer Burden™ is -$4,800, 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 $2.2 billion of assets available to pay bills totaling $3.7 billion.
Because Columbus doesn't have enough money to pay its bills, it has a $1.5 billion financial hole. To erase this shortfall, each Columbus taxpayer would have to send $4,800 to the city.
Columbus's reported net position is inflated by $242.5 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 87 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Columbus

2016 Financial State of Columbus

2015 Financial State of Columbus

Other Resources

Columbus Comprehensive Annual Financial Reports

Publishing Entity: City Auditor

Ohio lawmakers pushing pension oversight bills

JANUARY 28, 2020 | CLEVELAND.COM | by Andrew Tobias

Some Ohio lawmakers are pushing for increased oversight of the state’s public pension systems, amid recent moves by some of the systems to cut benefits for hundreds of thousands of current and future retirees.