Saint Paul, MN

TIA Data

2020 Financial State of Saint Paul (Released 1/25/2022)

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Saint Paul's Taxpayer Burden™ is -$3,100, and it received a "C" from TIA.
Saint Paul 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.
Saint Paul only has $621.6 million of assets available to pay bills totaling $973.4 million.
Because Saint Paul doesn't have enough money to pay its bills, it has a $351.8 million financial hole. To erase this shortfall, each Saint Paul taxpayer would have to send $3,100 to the city.
Saint Paul's reported net position is inflated by $43.4 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 336 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of Saint Paul

2018 Financial State of Saint Paul

2017 Financial State of Saint Paul, MN

2016 Financial State of Saint Paul

Other Resources

Saint Paul Comprehensive Annual Financial Reports

Publishing Entity: Financial Services

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