Lexington : State Data and Comparisons : Data-Z

Lexington, KY

TIA Data

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

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Lexington owes more than it owns.

Lexington's Taxpayer Burden™ is -$7,400, and it received a "D" from TIA.

Lexington 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.

Lexington only has $610.1 million of assets available to pay bills totaling $1.3 billion.

Because Lexington doesn't have enough money to pay its bills, it has a -$688.7 million financial hole. To erase this shortfall, each Lexington taxpayer would have to send -$7,400 to the city.

Lexington's reported net position is understated by $74.2 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 145 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Lexington

2020 Financial State of Lexington

2019 Financial State of Lexington

2018 Financial State of Lexington

2017 Financial State of Lexington

2016 Financial State of Lexington

Other Resources

Lexington Annual Comprehensive Financial Reports

Publishing Entity: City of Lexington