Truth in Accounting

Pittsburgh, PA

TIA Data

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

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Pittsburgh's Taxpayer Burden™ is -$15,600, and it received a "D" from TIA.
Pittsburgh 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.
Pittsburgh only has $488.9 million of assets available to pay bills totaling $2.1 billion.
Because Pittsburgh doesn't have enough money to pay its bills, it has a $1.7 billion financial hole. To erase this shortfall, each Pittsburgh taxpayer would have to send $15,600 to the city.
Pittsburgh's reported net position is inflated by $73.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 119 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Pittsburgh

2016 Financial State of Pittsburgh

Other Resources

Pittsburgh Comprehensive Annual Financial Reports

Publishing Entity: Office of City Controller

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