Stockton, CA

TIA Data

2019 Financial State of Stockton (Released 1/26/2021)

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Stockton's Taxpayer Surplus™ is $3,000, and it received a "B" from TIA.
Stockton 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.
Stockton has $610.7 million of assets available to pay the state's bills totaling $310.9 million.
Stockton has $299.8 million available after bills have been paid, which breaks down to $3,000 per taxpayer.
Stockton's reported net position is inflated by $96.8 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 150 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Stockton

2017 Financial State of Stockton

2016 Financial State of Stockton

Other Resources

Stockton Comprehensive Annual Financial Reports

Publishing Entity: Administrative Services Department

IN THE NEWS
City of Stockton needs an independent auditor, not a rubber-stamp consultant

JULY 7, 2021 | THE STOCKTON RECORD | by Ned Leiba

By Ned Leiba, includes “Since 2013, Stockton has used outside consultants instead of a traditional city auditor. Those consultants have provided valuable services, but they are not credentialed auditors as required by the charter and contractual agreements.  … A diligent, independent city auditor, acting in accordance with the Charter Commission’s proposal and ALGA guidance, would have prevented these and other embarrassing developments.”

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