San Diego, CA

TIA Data

2018 San Diego Combined Taxpayer Burden (Released 5/12/2020)

2018 Financial State of San Diego (Released 1/24/2020)

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San Diego's Taxpayer Burden™ is -$4,500, and it received a "C" from TIA.
San Diego 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.
San Diego only has $2.4 billion of assets available to pay bills totaling $4.5 billion.
Because San Diego doesn't have enough money to pay its bills, it has a $2.1 billion financial hole. To erase this shortfall, each San Diego taxpayer would have to send $4,500 to the city.
San Diego's reported net position is inflated by $834.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 160 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 San Diego Combined Taxpayer Burden

2017 Financial State of San Diego

2016 San Diego Combined Taxpayer Burden

2016 Financial State of San Diego

2015 Financial State of San Diego

2014 Financial State of San Diego

Other Resources

San Diego Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

California teachers face layoffs as pandemic forces big state budget cuts

MAY 18, 2020 | TIMES OF SAN DIEGO | by Ricardo Cano

The fire comes in the form of a $6.5 billion cut to schools’ main source of funding as well as other reductions in Gov. Gavin Newsom’s revised budget that, if enacted, would mean single-year reductions to public education greater than those experienced during the Great Recession a decade ago, according to advocates.