Long Beach, CA

TIA Data

2020 Financial State of Long Beach (Released 1/25/2022)

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Long Beach's Taxpayer Surplus™ is $100, and it received a "B" from TIA.
Long Beach is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Long Beach has $3.1 billion of assets available to pay the state's bills totaling $3 billion.
Long Beach has $15 million available after bills have been paid, which breaks down to $100 per taxpayer.
Long Beach's reported net position is understated by $544.8 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 180 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2019 Financial State of Long Beach

2018 Financial State of Long Beach

2017 Financial State of Long Beach, CA

2016 Financial State of Long Beach

2015 Financial State of Long Beach

Other Resources

Long Beach Comprehensive Annual Financial Reports

Publishing Entity: Department of Financial Management