Truth in Accounting

St. Louis, MO

TIA Data

2018 Financial State of St. Louis (Released 1/24/2020)

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

 
St. Louis' Taxpayer Burden™ is -$14,500, and it received a "D" from TIA.
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 $716.5 million of assets available to pay bills totaling $2.1 billion.
Because St. Louis doesn't have enough money to pay its bills, it has a $1.4 billion financial hole. To erase this shortfall, each St. Louis taxpayer would have to send $14,500 to the city.
St. Louis's reported net position is understated by $3.9 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 195 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of St. Louis

2016 Financial State of St. Louis

Other Resources

St. Louis Comprehensive Annual Financial Reports

Publishing Entity: Comptroller's Office

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