Phoenix : State Data and Comparisons : Data-Z

Phoenix, AZ

TIA Data

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

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Phoenix owes more than it owns.

Phoenix's Taxpayer Burden™ is -$4,500, and it received a "C" from TIA.

Phoenix 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.

Phoenix only has $6.5 billion of assets available to pay bills totaling $8.9 billion.

Because Phoenix doesn't have enough money to pay its bills, it has a -$2.3 billion financial hole. To erase this shortfall, each Phoenix taxpayer would have to send -$4,500 to the city.

Phoenix's reported net position is inflated by $433.2 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 169 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Phoenix Combined Taxpayer Burden

2021 Financial State of Phoenix

2020 Phoenix Combined Taxpayer Burden

2020 Financial State of Phoenix

2019 Phoenix Combined Taxpayer Burden

2019 Financial State of Phoenix

2018 Phoenix Combined Taxpayer Burden

2018 Financial State of Phoenix

2017 Phoenix Combined Taxpayer Burden

2017 Financial State of Phoenix