Greensboro, NC

TIA Data

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

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Greensboro's Taxpayer Burden™ is -$700, and it received a "C" from TIA.
Greensboro 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.
Greensboro only has $331.2 million of assets available to pay bills totaling $394.5 million.
Because Greensboro doesn't have enough money to pay its bills, it has a $63.3 million financial hole. To erase this shortfall, each Greensboro taxpayer would have to send $700 to the city.
Greensboro's reported net position is inflated by $29.8 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 121 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Greensboro

2016 Financial State of Greensboro

Other Resources

Greensboro Comprehensive Annual Financial Reports

Publishing Entity: Financial and Administrative Services

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