Greensboro : State Data and Comparisons : Data-Z

Greensboro, NC

TIA Data

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

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

Greensboro owes more than it owns.

Greensboro has a -$1,100 Taxpayer Burden.™

Greensboro 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.

Greensboro only has $521.6 million of assets available to pay bills totaling $638.4 million.

Because Greensboro doesn't have enough money to pay its bills, it has a -$116.8 million financial hole. To erase this shortfall, each Greensboro taxpayer would have to send -$1,100 to the city.

Greensboro's reported net position is inflated by $80.4 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

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