Santa Ana : State Data and Comparisons : Data-Z

Santa Ana, CA

TIA Data

2023 Financial State of Santa Ana (Released 02/27/2024)

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Santa Ana owes more than it owns.

Santa Ana has a -$5,400 Taxpayer Burden.™

Santa Ana 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.

Santa Ana only has $545.4 million of assets available to pay bills totaling $1.2 billion.

Because Santa Ana doesn't have enough money to pay its bills, it has a -$651.2 million financial hole. To erase this shortfall, each Santa Ana taxpayer would have to send -$5,400 to the city.

Santa Ana's reported net position is inflated by $182.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 164 days after its fiscal year end, which is considered timely according to the 180 day standard.