Truth in Accounting

Anchorage, AK

TIA Data

2019 Financial State of Anchorage (Released 1/26/2021)

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

 
Anchorage's Taxpayer Burden™ is -$6,400, and it received a "D" from TIA.
Anchorage 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.
Anchorage only has $788.5 million of assets available to pay bills totaling $1.5 billion.
Because Anchorage doesn't have enough money to pay its bills, it has a $665.4 million financial hole. To erase this shortfall, each Anchorage taxpayer would have to send $6,400 to the city.
Anchorage's reported net position is inflated by $60.4 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 209 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Anchorage

2017 Financial State of Anchorage

2016 Financial State of Anchorage

Other Resources

Anchorage Comprehensive Annual Financial Reports

Publishing Entity: Controller's Division

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