Truth in Accounting

Denver, CO

TIA Data

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

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Denver's Taxpayer Burden™ is -$4,700, and it received a "C" from TIA.
Denver 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.
Denver only has $4.5 billion of assets available to pay bills totaling $5.7 billion.
Because Denver doesn't have enough money to pay its bills, it has a $1.3 billion financial hole. To erase this shortfall, each Denver taxpayer would have to send $4,700 to the city.
Denver's reported net position is inflated by $445 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

2019 Financial State of Denver

2018 Financial State of Denver

2017 Financial State of Denver, CO

2016 Financial State of Denver

2015 Financial State of Denver

Other Resources

Denver Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

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