Sacramento, CA

TIA Data

2019 Financial State of Sacramento (Released 1/26/2021)

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Sacramento's Taxpayer Burden™ is -$3,700, and it received a "C" from TIA.
Sacramento 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.
Sacramento only has $1.4 billion of assets available to pay bills totaling $2 billion.
Because Sacramento doesn't have enough money to pay its bills, it has a $607.5 million financial hole. To erase this shortfall, each Sacramento taxpayer would have to send $3,700 to the city.
Sacramento's reported net position is inflated by $140 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

2018 Financial State of Sacramento

2017 Financial State of Sacramento

2016 Financial State of Sacramento

2015 Financial State of Sacramento

Other Resources

Sacramento Comprehensive Annual Financial Reports

Publishing Entity: City of Sacramento Department of Finance

Generous to a fault

FEBRUARY 9, 2021 | CITY JOURNAL | by David Crane

By David Crane, includes “As Congress debates the next Covid-19 relief package for state and local governments and schools, it should note that the Golden State is currently leaving billions of already-approved federal dollars on the table. … Vice President Kamala Harris, for example, is entitled to OPEB as a result of her employment by the San Francisco District Attorney’s Office. The solution is simple: terminate any obligation to provide benefits when the retiree or dependent is eligible to receive health insurance at the expense of another employer …”