Truth in Accounting

Denver, CO

,

TIA Data

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

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 has a $0 Taxpayer Burden.™
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 $7.2 billion of assets available to pay bills totaling $7.2 billion.
Because Denver doesn't have enough money to pay its bills, it has a -$4.5 million financial hole. To erase this shortfall, each Denver taxpayer would have to send $0 to the city.
Denver's reported net position is inflated by $574.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 201 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Denver

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
Financial State of the Cities 2025

FEBRUARY 27, 2025

The Financial State of the Cities report found that 54 cities did not have enough money to pay their bills. Each city has some form of a balanced budget requirement, but this new report shows that cities have not met the intent of their requirement and have pushed costs onto future taxpayers.

VIEW LESS