Tucson : State Data and Comparisons : Data-Z

Tucson, AZ

TIA Data

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

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Tucson owes more than it owns.

Tucson's Taxpayer Burden™ is -$7,700, and it received a "D" from TIA.

Tucson 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.

Tucson only has $1.6 billion of assets available to pay bills totaling $3 billion.

Because Tucson doesn't have enough money to pay its bills, it has a -$1.3 billion financial hole. To erase this shortfall, each Tucson taxpayer would have to send -$7,700 to the city.

Tucson's reported net position is inflated by $158.8 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 215 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Tucson

2020 Financial State of Tucson

2019 Financial State of Tucson

2018 Financial State of Tucson

2017 Financial State of Tucson

2016 Financial State of Tucson

2015 Financial State of Tucson

Other Resources

Tucson Annual Comprehensive Financial Reports

Publishing Entity: Business Services Department