Cincinnati : State Data and Comparisons : Data-Z

Cincinnati, OH

TIA Data

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

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Cincinnati owes more than it owns.

Cincinnati's Taxpayer Burden™ is -$6,700, and it received a "D" from TIA.

Cincinnati 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.

Cincinnati only has $1 billion of assets available to pay bills totaling $1.7 billion.

Because Cincinnati doesn't have enough money to pay its bills, it has a -$703 million financial hole. To erase this shortfall, each Cincinnati taxpayer would have to send -$6,700 to the city.

Cincinnati's reported net position is understated by $674.7 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Cincinnati

2020 Financial State of Cincinnati

2019 Financial State of Cincinnati

2018 Financial State of Cincinnati

2017 Financial State of Cincinnati

2016 Financial State of Cincinnati

Other Resources

Cincinnati Annual Comprehensive Financial Reports

Publishing Entity: Finance and Budget