Raleigh, NC

TIA Data

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

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Raleigh's Taxpayer Surplus™ is $1,400, and it received a "B" from TIA.
Raleigh is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Raleigh has $938.4 million of assets available to pay the state's bills totaling $733.7 million.
Raleigh has $204.6 million available after bills have been paid, which breaks down to $1,400 per taxpayer.
Raleigh's reported net position is inflated by $69.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Raleigh

2016 Financial State of Raleigh

2015 Financial State of Raleigh

Other Resources

Raleigh Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

Raleigh takes 11th spot with a $1,400 taxpayer surplus

MARCH 26, 2020 | UNION NEWS (NORTH CAROLINA) | by Terry Davis

Truth in Accounting (TIA) released data that shows 75 most populous cities according to their finances. According to the data, Raleigh was ranked 11th on this list, with surplus funds per taxpayer estimated to be around $1,400. The data compiled a list of cities with the highest number of the population according to the city’s surplus or liability.