Truth in Accounting

Baltimore, MD

TIA Data

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

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

 
Baltimore's Taxpayer Burden™ is -$18,000, and it received a "D" from TIA.
Baltimore 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.
Baltimore only has $2.8 billion of assets available to pay bills totaling $6.6 billion.
Because Baltimore doesn't have enough money to pay its bills, it has a $3.8 billion financial hole. To erase this shortfall, each Baltimore taxpayer would have to send $18,000 to the city.
Baltimore's reported net position is inflated by $513.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 180 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Baltimore

2017 Financial State of Baltimore

2016 Financial State of Baltimore

2015 Financial State of Baltimore

Other Resources

Baltimore Comprehensive Annual Financial Reports

Publishing Entity: Baltimore City Department of Finance

IN THE NEWS
Baltimore budget director describes city’s financial outlook amid pandemic as ‘ugly’

FEBRUARY 11, 2021 | FOX 5 NEWS (RHODE ISLAND) | by Keith Daniels

By Keith Daniels, includes “… Christopher Summers, a public policy expert at the Maryland Public Policy Institute, says the pandemic only complicates financial matters for a city reeling from financial troubles long before the pandemic's nearly one-year grip. One example includes a study by the non-profit ‘Truth in Accounting’ released in January last year.”
 

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