Indianapolis, IN

TIA Data

2019 Financial State of Indianapolis (Released 1/26/2021)

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Indianapolis' Taxpayer Burden™ is -$3,900, and it received a "C" from TIA.
Indianapolis 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.
Indianapolis only has $727.5 million of assets available to pay bills totaling $1.8 billion.
Because Indianapolis doesn't have enough money to pay its bills, it has a $1.1 billion financial hole. To erase this shortfall, each Indianapolis taxpayer would have to send $3,900 to the city.
Indianapolis's reported net position is understated by $9.7 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Indianapolis

2017 Financial State of Indianapolis

2016 Financial State of Indianapolis

2015 Financial State of Indianapolis

Other Resources

Indianapolis Comprehensive Annual Financial Reports

Publishing Entity: Office of Finance and Management

Majority of U.S. cities ill-prepared for COVID-19 pandemic

JANUARY 26, 2021

The 2021 Financial State of the Cities (FSOC) surveys the fiscal health of the 75 largest municipalities in the United States. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.