Nashville, TN

TIA Data

2019 Financial State of Nashville (Released 1/26/2021)

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Nashville's Taxpayer Burden™ is -$22,000, and it received an "F" from TIA.
Nashville 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.
Nashville only has $3.4 billion of assets available to pay bills totaling $7.7 billion.
Because Nashville doesn't have enough money to pay its bills, it has a $4.3 billion financial hole. To erase this shortfall, each Nashville taxpayer would have to send $22,000 to the city.
Nashville's reported net position is inflated by $603.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Nashville

2017 Financial State of Nashville

2016 Financial State of Nashville

2015 Financial State of Nashville

Other Resources

Nashville Comprehensive Annual Financial Reports

Publishing Entity: Office of Finance

An epidemic of bad budgeting

AUGUST 23, 2021 | CITY JOURNAL | by Steven Malanga

By Steven Malanga, includes “Nashville’s budget woes predate the pandemic: the city began borrowing money to cover deficits after the Great Recession of 2008–09."