Jacksonville, FL

TIA Data

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

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Jacksonville's Taxpayer Burden™ is -$10,100, and it received a "D" from TIA.
Jacksonville 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.
Jacksonville only has $3.6 billion of assets available to pay bills totaling $6.4 billion.
Because Jacksonville doesn't have enough money to pay its bills, it has a $2.8 billion financial hole. To erase this shortfall, each Jacksonville taxpayer would have to send $10,100 to the city.
Jacksonville's reported net position is inflated by $734.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 242 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Jacksonville

2017 Financial State of Jacksonville

2016 Financial State of Jacksonville

2015 Financial State of Jacksonville

Other Resources

Jacksonville Comprehensive Annual Financial Reports

Publishing Entity: Finance and Administration Department

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.