Truth in Accounting

Colorado Springs, CO

TIA Data

2022 Financial State of Colorado Springs (Released 2/15/2024)

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Colorado Springs owns more than it owes.
Colorado Springs' Taxpayer Surplus™ is $100, and it received a "B" from TIA.
Colorado Springs 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.
Colorado Springs has $2.2 billion of assets available to pay the state's bills totaling $2.2 billion.
Colorado Springs has $14.4 million available after bills have been paid, which breaks down to $100 per taxpayer.
Colorado Springs's reported net position is understated by $276.4 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 167 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Colorado Springs

2020 Financial State of Colorado Springs

2019 Financial State of Colorado Springs

2018 Financial State of Colorado Springs

2017 Financial State of Colorado Springs

2016 Financial State of Colorado Springs

2015 Financial State of Colorado Springs

Other Resources

Colorado Springs Annual Comprehensive Financial Reports

Publishing Entity: Accounting Office

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