Bakersfield : State Data and Comparisons : Data-Z

Bakersfield, CA

TIA Data

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

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Bakersfield owes more than it owns.

Bakersfield's Taxpayer Burden™ is -$100, and it received a "C" from TIA.

Bakersfield 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.

Bakersfield only has $695.3 million of assets available to pay bills totaling $703.3 million.

Because Bakersfield doesn't have enough money to pay its bills, it has a -$8 million financial hole. To erase this shortfall, each Bakersfield taxpayer would have to send -$100 to the city.

Bakersfield's reported net position is inflated by $62 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city had not released its FY2022 financial report as of January 15, 2024.

Prior Years' TIA Data

2021 Financial State of Bakersfield

2020 Financial State of Bakersfield

2019 Financial State of Bakersfield

2018 Financial State of Bakersfield

2017 Financial State of Bakersfield

2016 Financial State of Bakersfield

Other Resources

Bakersfield Annual Comprehensive Financial Reports

Publishing Entity: Finance Department