San Jose, CA

TIA Data

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

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San Jose's Taxpayer Burden™ is -$9,400, and it received a "D" from TIA.
San Jose 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 Jose only has $1.5 billion of assets available to pay bills totaling $4.7 billion.
Because San Jose doesn't have enough money to pay its bills, it has a $3.2 billion financial hole. To erase this shortfall, each San Jose taxpayer would have to send $9,400 to the city.
San Jose's reported net position is inflated by $992.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 139 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 San Jose Combined Taxpayer Burden

2017 Financial State of San Jose

2016 San Jose Combined Taxpayer Burden

2016 Financial State of San Jose

2015 Financial State of San Jose

2014 Financial State of San Jose

Other Resources

San Jose Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

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