San Diego : State Data and Comparisons : Data-Z

San Diego, CA

TIA Data

2022 Financial State of San Diego (Released 2/15/2024)

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San Diego owes more than it owns.

San Diego's Taxpayer Burden™ is -$4,100, and it received a "C" from TIA.

San Diego 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.

San Diego only has $3.7 billion of assets available to pay bills totaling $5.6 billion.

Because San Diego doesn't have enough money to pay its bills, it has a -$1.9 billion financial hole. To erase this shortfall, each San Diego taxpayer would have to send -$4,100 to the city.

San Diego's reported net position is understated by $151.8 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2021 San Diego Combined Taxpayer Burden

2021 Financial State of San Diego

2020 San Diego Combined Taxpayer Burden

2020 Financial State of San Diego

2019 San Diego Combined Taxpayer Burden

2019 Financial State of San Diego

2018 San Diego Combined Taxpayer Burden

2018 Financial State of San Diego

2017 San Diego Combined Taxpayer Burden

2017 Financial State of San Diego