New Orleans : State Data and Comparisons : Data-Z

New Orleans, LA

TIA Data

2018 Financial State of New Orleans (Released 1/24/2020)

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New Orleans' Taxpayer Burden™ is -$18,800, and it received a "D" from TIA.

New Orleans 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.

New Orleans only has $979.7 million of assets available to pay bills totaling $3 billion.

Because New Orleans doesn't have enough money to pay its bills, it has a $2 billion financial hole. To erase this shortfall, each New Orleans taxpayer would have to send $18,800 to the city.

New Orleans's reported net position is inflated by $236.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 211 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of New Orleans

2016 Financial State of New Orleans

2015 Financial State of New Orleans

Other Resources

New Orleans Comprehensive Annual Financial Reports

Publishing Entity: Bureau of Accounting