Philadelphia : State Data and Comparisons : Data-Z

Philadelphia, PA

TIA Data

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

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

Philadelphia owes more than it owns.

Philadelphia's Taxpayer Burden™ is -$20,400, and it received an "F" from TIA.

Philadelphia 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.

Philadelphia only has $9.9 billion of assets available to pay bills totaling $21 billion.

Because Philadelphia doesn't have enough money to pay its bills, it has a -$11.2 billion financial hole. To erase this shortfall, each Philadelphia taxpayer would have to send -$20,400 to the city.

Philadelphia's reported net position is inflated by $786.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 240 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 Philadelphia Combined Taxpayer Burden

2021 Financial State of Philadelphia

2020 Philadelphia Combined Taxpayer Burden

2020 Financial State of Philadelphia

2019 Philadelphia Combined Taxpayer Burden

2019 Financial State of Philadelphia

2018 Philadelphia Combined Taxpayer Burden

2018 Financial State of Philadelphia

2017 Philadelphia Combined Taxpayer Burden

2017 Financial State of Philadelphia