California

TIA Data

2020 Financial State of California (Released 9/28/2021)

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

 
California owes more than it owns.
California's Taxpayer Burden™ is -$21,100, and it received an "F" from TIA.
California is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
California only has $134.9 billion of assets available to pay bills totaling $399.4 billion.
Because California doesn't have enough money to pay its bills, it has a $264.5 billion financial hole. To fill it, each California taxpayer would have to send $21,100 to the state.
California's reported net position is overstated by $11.4 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 481 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2019 Financial State of California

2018 Financial State of California

2017 Financial State of California

2016 Financial State of California

2015 Financial State of California

2014 Financial State of California

2013 Financial State of California

2012 Financial State of California

2011 Financial State of California

2010 Financial State of California

2009 Financial State of California

City and Other Municipal Reports

Financial State of Anaheim

Financial State of Bakersfield

Financial State of Chula Vista

Financial State of Fresno

Financial State of Irvine

Financial State of Long Beach

Financial State of Los Angeles

Financial State of Oakland

Financial State of Riverside

Financial State of Sacramento

Financial State of San Diego

Financial State of San Francisco

Financial State of San Jose

Financial State of Santa Ana

Financial State of Stockton

Financial State of TCA

Other Resources

California Comprehensive Annual Financial Reports

Publishing Entity: California State Controller's Office

IN THE NEWS
City Combined Taxpayer Burden Report 2022

MAY 24, 2022

Did you know that many cities, such as Chicago and Los Angeles, do not include the financial information of their school districts and other underlying entities in their financial reports and budgets? The result is taxpayers are on the hook for far more debt than they know. To provide a more complete picture of the 10 most populous U.S. cities including their largest underlying government units, Truth in Accounting has released its annual City Combined Taxpayer Burden report.

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