Los Angeles : State Data and Comparisons : Data-Z

Los Angeles, CA

TIA Data

2022 Financial State of Los Angeles (Released 1/15/2024)

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Los Angeles owes more than it owns.

Los Angeles' Taxpayer Burden™ is -$1,500, and it received a "C" from TIA.

Los Angeles 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.

Los Angeles only has $19.8 billion of assets available to pay bills totaling $21.8 billion.

Because Los Angeles doesn't have enough money to pay its bills, it has a -$2 billion financial hole. To erase this shortfall, each Los Angeles taxpayer would have to send -$1,500 to the city.

Los Angeles's reported net position is understated by $6.9 billion, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 209 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Los Angeles Combined Taxpayer Burden

2021 Financial State of Los Angeles

2020 Los Angeles Combined Taxpayer Burden

2020 Financial State of Los Angeles

2019 Los Angeles Combined Taxpayer Burden

2019 Financial State of Los Angeles

2018 Los Angeles Combined Taxpayer Burden

2018 Financial State of Los Angeles

2017 Los Angeles Combined Taxpayer Burden

2017 Financial State of Los Angeles