Truth in Accounting

Nashville, TN

TIA Data

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

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

 
Nashville's Taxpayer Burden™ is -$22,000, and it received an "F" from TIA.
Nashville 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.
Nashville only has $3.4 billion of assets available to pay bills totaling $7.7 billion.
Because Nashville doesn't have enough money to pay its bills, it has a $4.3 billion financial hole. To erase this shortfall, each Nashville taxpayer would have to send $22,000 to the city.
Nashville's reported net position is inflated by $603.1 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 Nashville

2017 Financial State of Nashville

2016 Financial State of Nashville

2015 Financial State of Nashville

Other Resources

Nashville Comprehensive Annual Financial Reports

Publishing Entity: Office of Finance

IN THE NEWS
The Music City meltdown

APRIL 29, 2021 | THE WALL STREET JOURNAL | by Steven Malanga

Op-ed by Steven Malanga, includes “… City leaders have used deficit financing to balance Nashville’s books and spent much of the city’s reserve funds. The Tennessee comptroller has threatened a state takeover, and even the Biden administration’s lavish stimulus isn’t enough to plug Nashville’s budget hole. Amid all this, angry local groups are trying to spur a special election to roll back a gigantic property tax increase.”

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