Toledo, OH

TIA Data

2018 Financial State of Toledo (Released 1/24/2020)

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Toledo's Taxpayer Burden™ is -$4,100, 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 $351.2 million of assets available to pay bills totaling $743.2 million.
Because Toledo doesn't have enough money to pay its bills, it has a $392 million financial hole. To erase this shortfall, each Toledo taxpayer would have to send $4,100 to the city.
Toledo's reported net position is inflated by $30.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 179 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2017 Financial State of Toledo

2016 Financial State of Toledo

Other Resources

Toledo Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance