Toledo, OH

TIA Data

2022 Financial State of Toledo (Released 2/15/2024)

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Toledo owes more than it owns.
Toledo's Taxpayer Burden™ is -$3,200, and it received a "C" from TIA.
Toledo 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.
Toledo only has $761.4 million of assets available to pay bills totaling $1.1 billion.
Because Toledo doesn't have enough money to pay its bills, it has a -$288.9 million financial hole. To erase this shortfall, each Toledo taxpayer would have to send -$3,200 to the city.
Toledo's reported net position is understated by $53.9 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Toledo

2020 Financial State of Toledo

2019 Financial State of Toledo

2018 Financial State of Toledo

2017 Financial State of Toledo

2016 Financial State of Toledo

Other Resources

Toledo Annual Comprehensive Financial Reports

Publishing Entity: Department of Finance