San Francisco, CA

TIA Data

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

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San Francisco's Taxpayer Burden™ is -$17,000, and it received a "D" from TIA.
San Francisco 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 Francisco only has $10.3 billion of assets available to pay bills totaling $15.3 billion.
Because San Francisco doesn't have enough money to pay its bills, it has a $5 billion financial hole. To erase this shortfall, each San Francisco taxpayer would have to send $17,000 to the city.
San Francisco's reported net position is inflated by $1.6 billion, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 268 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of San Francisco

2016 Financial State of San Francisco

2015 Financial State of San Francisco

Other Resources

San Francisco Comprehensive Annual Financial Reports

Publishing Entity: Office of the Controller

As in any good utopia, culture matters

SEPTEMBER 11, 2020 | GRANITE GROK | by Percy Blakeney

In San Francisco, as in any good utopia, culture matters. It’s the cost that does not seem to matter. Whether the show goes on or not; the paychecks continue to go out. The taxpayers get to foot the bill… whether or not they receive value.