Jacksonville : State Data and Comparisons : Data-Z

Jacksonville, FL

TIA Data

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

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Jacksonville owes more than it owns.

Jacksonville's Taxpayer Burden™ is -$11,200, and it received a "D" from TIA.

Jacksonville 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.

Jacksonville only has $4.5 billion of assets available to pay bills totaling $8.1 billion.

Because Jacksonville doesn't have enough money to pay its bills, it has a -$3.5 billion financial hole. To erase this shortfall, each Jacksonville taxpayer would have to send -$11,200 to the city.

Jacksonville's reported net position is understated by $37.5 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 363 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Jacksonville

2020 Financial State of Jacksonville

2019 Financial State of Jacksonville

2018 Financial State of Jacksonville

2017 Financial State of Jacksonville

2016 Financial State of Jacksonville

2015 Financial State of Jacksonville

Other Resources

Jacksonville Annual Comprehensive Financial Reports

Publishing Entity: Finance and Administration Department