Louisville, KY

TIA Data

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

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Louisville's Taxpayer Burden™ is -$1,300, and it received a "C" from TIA.
Louisville 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.
Louisville only has $1.7 billion of assets available to pay bills totaling $1.9 billion.
Because Louisville doesn't have enough money to pay its bills, it has a $243.1 million financial hole. To erase this shortfall, each Louisville taxpayer would have to send $1,300 to the city.
Louisville's reported net position is inflated by $436.6 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 174 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Louisville

2016 Financial State of Louisville

2015 Financial State of Louisville

Other Resources

Louisville Comprehensive Annual Financial Reports

Publishing Entity: Office of Management & Budget

IN THE NEWS
Why no seat for taxpayers on new pension board?

APRIL 15, 2020 | THE STATE JOURNAL | by Jim Waters

A quasi-government group’s response to Gov. Andy Beshear’s signature of legislation creating a separate board for the County Employees Retirement System (CERS) — which covers local government workers and classified school personnel — illustrates the wrong-headed mindset at the heart of all of Kentucky pension woes.

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