Wichita : State Data and Comparisons : Data-Z

Wichita, KS

TIA Data

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

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Wichita owes more than it owns.

Wichita's Taxpayer Burden™ is -$300, and it received a "C" from TIA.

Wichita 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.

Wichita only has $652.2 million of assets available to pay bills totaling $692.4 million.

Because Wichita doesn't have enough money to pay its bills, it has a -$40.1 million financial hole. To erase this shortfall, each Wichita taxpayer would have to send -$300 to the city.

Wichita's reported net position is understated by $77 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 179 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Wichita

2020 Financial State of Wichita

2019 Financial State of Wichita

2018 Financial State of Wichita

2017 Financial State of Wichita

2016 Financial State of Wichita

2015 Financial State of Wichita

Other Resources

Wichita Annual Comprehensive Financial Reports

Publishing Entity: Department of Finance