Fort Wayne, IN

TIA Data

2018 Financial State of Fort Wayne (Released 1/24/2020)

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Fort Wayne's Taxpayer Burden™ is -$1,700, and it received a "C" from TIA.
Fort Wayne 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.
Fort Wayne only has $444.5 million of assets available to pay bills totaling $597.5 million.
Because Fort Wayne doesn't have enough money to pay its bills, it has a $153.1 million financial hole. To erase this shortfall, each Fort Wayne taxpayer would have to send $1,700 to the city.
Fort Wayne's reported net position is inflated by $32 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 171 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Fort Wayne

2016 Financial State of Fort Wayne

Other Resources

Fort Wayne Comprehensive Annual Financial Reports

Publishing Entity: Controller's Office

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