Tucson, AZ

TIA Data

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

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Tucson's Taxpayer Burden™ is -$8,100, and it received a "D" from TIA.
Tucson 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.
Tucson only has $559.5 million of assets available to pay bills totaling $1.9 billion.
Because Tucson doesn't have enough money to pay its bills, it has a $1.3 billion financial hole. To erase this shortfall, each Tucson taxpayer would have to send $8,100 to the city.
Tucson's reported net position is inflated by $174 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 242 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Tucson

2016 Financial State of Tucson

2015 Financial State of Tucson

Other Resources

Tucson Comprehensive Annual Financial Reports

Publishing Entity: Business Services Department

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