Nashville : State Data and Comparisons : Data-Z

Nashville, TN

TIA Data

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

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Nashville owes more than it owns.

Nashville has a -$1,600 Taxpayer Burden.™

Nashville 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.

Nashville only has $6.4 billion of assets available to pay bills totaling $6.8 billion.

Because Nashville doesn't have enough money to pay its bills, it has a -$389.1 million financial hole. To erase this shortfall, each Nashville taxpayer would have to send -$1,600 to the city.

Nashville's reported net position is understated by $499.1 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.