Saint Paul, MN

TIA Data

2018 Financial State of Saint Paul (Released 1/24/2020)

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Saint Paul's Taxpayer Burden™ is -$2,300, 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 $576.7 million of assets available to pay bills totaling $848.4 million.
Because Saint Paul doesn't have enough money to pay its bills, it has a $271.7 million financial hole. To erase this shortfall, each Saint Paul taxpayer would have to send $2,300 to the city.
Saint Paul's reported net position is understated by $38.2 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 260 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Saint Paul

2016 Financial State of Saint Paul

Other Resources

Saint Paul Comprehensive Annual Financial Reports

Publishing Entity: Financial Services

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