St. Louis : State Data and Comparisons : Data-Z

St. Louis, MO

TIA Data

2023 Financial State of St. Louis (Released 02/27/2024)

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St. Louis owes more than it owns.

St. Louis has a -$9,800 Taxpayer Burden.™

St. Louis 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.

St. Louis only has $2.1 billion of assets available to pay bills totaling $3.1 billion.

Because St. Louis doesn't have enough money to pay its bills, it has a -$967.5 million financial hole. To erase this shortfall, each St. Louis taxpayer would have to send -$9,800 to the city.

St. Louis's reported net position is inflated by $158.6 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 252 days after its fiscal year end, which is considered untimely according to the 180 day standard.