Truth in Accounting

Henderson, NV

TIA Data

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

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

 
Henderson's Taxpayer Burden™ is -$1,700, and it received a "C" from TIA.
Henderson 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.
Henderson only has $446.6 million of assets available to pay bills totaling $625.4 million.
Because Henderson doesn't have enough money to pay its bills, it has a $178.8 million financial hole. To erase this shortfall, each Henderson taxpayer would have to send $1,700 to the city.
Henderson's reported net position is inflated by $44.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Henderson

2017 Financial State of Henderson

2016 Financial State of Henderson

Other Resources

Henderson Comprehensive Annual Financial Reports

Publishing Entity: Finance Department

IN THE NEWS
Majority of U.S. cities ill-prepared for COVID-19 pandemic

JANUARY 26, 2021

The 2021 Financial State of the Cities (FSOC) surveys the fiscal health of the 75 largest municipalities in the United States. This data is released today by Truth in Accounting (TIA), a think tank that analyzes government financial reporting.

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