Truth in Accounting

Charlotte, NC

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TIA Data

2023 Financial State of Charlotte (Released 02/27/2024)

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

 
Charlotte owns more than it owes.
Charlotte has a $1,000 Taxpayer Surplus.™
Charlotte 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.
Charlotte has $3 billion of assets available to pay the state's bills totaling $2.7 billion.
Charlotte has $321.8 million available after bills have been paid, which breaks down to $1,000 per taxpayer.
Charlotte's reported net position is inflated by $360.8 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Charlotte

2021 Financial State of Charlotte

2020 Financial State of Charlotte

2019 Financial State of Charlotte

2018 Financial State of Charlotte

2017 Financial State of Charlotte

2016 Financial State of Charlotte

2015 Financial State of Charlotte

 

Other Resources

Charlotte Annual Comprehensive Financial Reports

Publishing Entity: City of Charlotte Finance Department

IN THE NEWS
Analysis: Raleigh, Charlotte are fiscal Sunshine cities

FEBRUARY 27, 2025 | THE CENTER SQUARE | by Alan Wooten

Respectively, the City of Oaks has the same ranking as last year, and the Queen City and Tournament Town each climbed four spots. The ninth annual Financial State of the Cities report, produced in cooperation with the Daniels School of Business at the University of Denver, measures fiscal health of the 75 most populous cities based on comprehensive financial reports dated 2023.

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