Truth in Accounting

San Francisco, CA

TIA Data

2022 Financial State of San Francisco (Released 1/15/2024)

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

 
San Francisco owes more than it owns.
San Francisco's Taxpayer Burden™ is -$8,800, and it received a "D" from TIA.
San Francisco 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 Francisco only has $13.2 billion of assets available to pay bills totaling $15.6 billion.
Because San Francisco doesn't have enough money to pay its bills, it has a -$2.4 billion financial hole. To erase this shortfall, each San Francisco taxpayer would have to send -$8,800 to the city.
San Francisco's reported net position is understated by $4.6 billion, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 231 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of San Francisco

2020 Financial State of San Francisco

2019 Financial State of San Francisco

2018 Financial State of San Francisco

2017 Financial State of San Francisco

2016 Financial State of San Francisco

2015 Financial State of San Francisco

Other Resources

San Francisco Annual Comprehensive Financial Reports

Publishing Entity: Department of Finance

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