Minneapolis, MN

TIA Data

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

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Minneapolis' Taxpayer Burden™ is -$1,900, and it received a "C" from TIA.
Minneapolis 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.
Minneapolis only has $963.2 million of assets available to pay bills totaling $1.3 billion.
Because Minneapolis doesn't have enough money to pay its bills, it has a $310.1 million financial hole. To erase this shortfall, each Minneapolis taxpayer would have to send $1,900 to the city.
Minneapolis's reported net position is understated by $59.5 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 175 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Minneapolis

2016 Financial State of Minneapolis

2015 Financial State of Minneapolis

Other Resources

Minneapolis Comprehensive Annual Financial Reports

Publishing Entity: Finance and Property Services

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