Minneapolis : State Data and Comparisons : Data-Z

Minneapolis, MN

TIA Data

2022 Financial State of Minneapolis (Released 2/15/2024)

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Minneapolis owes more than it owns.

Minneapolis' Taxpayer Burden™ is -$2,800, 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 $1.2 billion of assets available to pay bills totaling $1.7 billion.

Because Minneapolis doesn't have enough money to pay its bills, it has a -$439.9 million financial hole. To erase this shortfall, each Minneapolis taxpayer would have to send -$2,800 to the city.

Minneapolis's reported net position is inflated by $396.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 234 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Minneapolis

2020 Financial State of Minneapolis

2019 Financial State of Minneapolis

2018 Financial State of Minneapolis

2017 Financial State of Minneapolis

2016 Financial State of Minneapolis

2015 Financial State of Minneapolis

Other Resources

Minneapolis Annual Comprehensive Financial Reports

Publishing Entity: Finance and Property Services