Truth in Accounting

Denver, CO

TIA Data

2022 Financial State of Denver (Released 2/15/2024)

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

 
Denver owes more than it owns.
Denver's Taxpayer Burden™ is -$6,400, and it received a "D" from TIA.
Denver 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.
Denver only has $6.4 billion of assets available to pay bills totaling $8.1 billion.
Because Denver doesn't have enough money to pay its bills, it has a -$1.7 billion financial hole. To erase this shortfall, each Denver taxpayer would have to send -$6,400 to the city.
Denver's reported net position is inflated by $19.5 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 195 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Denver

2020 Financial State of Denver

2019 Financial State of Denver

2018 Financial State of Denver

2017 Financial State of Denver

2016 Financial State of Denver

2015 Financial State of Denver

Other Resources

Denver Annual Comprehensive Financial Reports

Publishing Entity: Department of Finance

IN THE NEWS
Sharf: Collective bargaining ballot measure a bad deal for Denver

JULY 29, 2024 | COMPLETE COLORADO | by Joshua Sharf

According to Truth In Accounting’s annual Financial State of the Cities report, Denver is already a sinkhole city, with not enough money to cover its obligations, to the tune of about $6400 per taxpayer.   And according to the latest PODS report, Denver is now the #12 city in the country for people to leave.

Adding the burden of a unionized city workforce will only make things more expensive.  Those taxpayers who are able to leave will do so, and those who are worse off will be left behind with the bill.

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