Indianapolis : State Data and Comparisons : Data-Z

Indianapolis, IN

TIA Data

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

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Indianapolis owes more than it owns.

Indianapolis' Taxpayer Burden™ is -$3,800, and it received a "C" from TIA.

Indianapolis 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.

Indianapolis only has $1.2 billion of assets available to pay bills totaling $2.3 billion.

Because Indianapolis doesn't have enough money to pay its bills, it has a -$1.1 billion financial hole. To erase this shortfall, each Indianapolis taxpayer would have to send -$3,800 to the city.

Indianapolis's reported net position is inflated by $163.2 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 290 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Indianapolis

2020 Financial State of Indianapolis

2019 Financial State of Indianapolis

2018 Financial State of Indianapolis

2017 Financial State of Indianapolis

2016 Financial State of Indianapolis

2015 Financial State of Indianapolis

Other Resources

Indianapolis Annual Comprehensive Financial Reports

Publishing Entity: Office of Finance and Management