Truth in Accounting

Portland, OR

TIA Data

2020 Financial State of Portland (Released 1/25/2022)

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

 
Portland's Taxpayer Burden™ is -$24,900, and it received an "F" from TIA.
Portland 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.
Portland only has $1.5 billion of assets available to pay bills totaling $7.1 billion.
Because Portland doesn't have enough money to pay its bills, it has a $5.6 billion financial hole. To erase this shortfall, each Portland taxpayer would have to send $24,900 to the city.
Portland's reported net position is inflated by $901.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 122 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Portland

2018 Financial State of Portland

2017 Financial State of Portland, OR

2016 Financial State of Portland

2015 Financial State of Portland

Other Resources

Portland Comprehensive Annual Financial Reports

Publishing Entity: Office of Management & Finance

IN THE NEWS
Portland Gets an “F ” on Fiscal Honesty

FEBRUARY 11, 2022 | THINKING OREGON | by Editorial

Includes: "The city claims it 'operates on a tough set of financial controls' to ensure it balances its annual budget.  It doesn’t. According to a report recently released by a nonprofit, Truth in Accounting (TIA), in order to 'balance the budget' Portland has been failing to include its true costs, pushing costs onto future taxpayers."

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