Las Vegas : State Data and Comparisons : Data-Z

Las Vegas, NV

TIA Data

2023 Financial State of Las Vegas (Released 02/27/2024)

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Las Vegas owes more than it owns.

Las Vegas has a -$500 Taxpayer Burden.™

Las Vegas 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.

Las Vegas only has $1.4 billion of assets available to pay bills totaling $1.6 billion.

Because Las Vegas doesn't have enough money to pay its bills, it has a -$123.5 million financial hole. To erase this shortfall, each Las Vegas taxpayer would have to send -$500 to the city.

Las Vegas's reported net position is inflated by $156.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 192 days after its fiscal year end, which is considered untimely according to the 180 day standard.