Oklahoma City, OK

TIA Data

2018 Financial State of Oklahoma City (Released 1/24/2020)

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Oklahoma City's Taxpayer Burden™ is -$400, and it received a "C" from TIA.
Oklahoma City 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.
Oklahoma City only has $1.4 billion of assets available to pay bills totaling $1.5 billion.
Because Oklahoma City doesn't have enough money to pay its bills, it has a $71.2 million financial hole. To erase this shortfall, each Oklahoma City taxpayer would have to send $400 to the city.
Oklahoma City's reported net position is inflated by $40 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 142 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Oklahoma City

2016 Financial State of Oklahoma City

2015 Financial State of Oklahoma City

Other Resources

Oklahoma City Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

Oklahoma City draws some MAPS to avoid public debt


Debt is a very common aspect of life in the U.S. If you own a house, you might be paying off a loan you used to buy it, and it could be years before you’ve finished doing so. Cities do this too for large public projects, except their debt frequently takes shape as municipal bonds.