Truth in Accounting

San Francisco, CA

Click here for the detailed 2021 Financial State of San Francisco (Released 2/7/2023)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
San Francisco owns more than it owes.
San Francisco's Taxpayer Surplus™ is $7,700, and it received a "B" from TIA.
San Francisco is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
San Francisco has $11.4 billion of assets available to pay the state's bills totaling $9.4 billion.
San Francisco has $2.1 billion available after bills have been paid, which breaks down to $7,700 per taxpayer.
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 217 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2020 Financial State of San Francisco

2019 Financial State of San Francisco

2018 Financial State of San Francisco

2017 Financial State of San Francisco

2016 Financial State of San Francisco

2015 Financial State of San Francisco

Other Resources

San Francisco Annual Comprehensive Financial Reports

Publishing Entity: Office of the Controller

IN THE NEWS
Financial State of the Cities 2023

FEBRUARY 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.

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