Omaha : State Data and Comparisons : Data-Z

Omaha, NE

TIA Data

2018 Financial State of Omaha (Released 1/24/2020)

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Omaha's Taxpayer Burden™ is -$7,100, 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 $623.3 million of assets available to pay bills totaling $1.8 billion.

Because Omaha doesn't have enough money to pay its bills, it has a $1.2 billion financial hole. To erase this shortfall, each Omaha taxpayer would have to send $7,100 to the city.

Omaha's reported net position is inflated by $70.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 179 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Omaha

2016 Financial State of Omaha

2015 Financial State of Omaha

Other Resources

Omaha Comprehensive Annual Financial Reports

Publishing Entity: Finance Department