Omaha, NE

Click here for the detailed 2021 Financial State of Omaha (Released 2/7/2023)

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Omaha owes more than it owns.
Omaha's Taxpayer Burden™ is -$6,200, and it received a "D" from TIA.
Omaha 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.
Omaha only has $888.6 million of assets available to pay bills totaling $1.9 billion.
Because Omaha doesn't have enough money to pay its bills, it has a -$1 billion financial hole. To erase this shortfall, each Omaha taxpayer would have to send -$6,200 to the city.
Omaha's reported net position is understated by $75.2 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 202 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2020 Financial State of Omaha

2019 Financial State of Omaha

2018 Financial State of Omaha

2017 Financial State of Omaha

2016 Financial State of Omaha

2015 Financial State of Omaha

Other Resources

Omaha Annual Comprehensive Financial Reports

Publishing Entity: City of Omaha Finance Department

Financial State of the Cities 2023

FEBRUARY 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.