Wikimedia Commons
Wikimedia Commons
The 2020 Financial State of the Cities report from Truth in Accounting (TIA) ranked St. Paul No. 27 out of 75 cities for its fiscal health in a report on the fiscal health of the largest 75 cities in the United States, which was released on Jan. 28.
St. Paul’s $271.7 million debt needed to pay bills landed the city at 27, while Minneapolis landed at No. 22 on the list, with $310.1 million in debt. In St. Paul, the city is short $229.9 million for retiree healthcare benefits, and $194.6 million short for pension debts, but it is not the only city in this situation, according to a report from The Center Square.
Minneapolis has $576.7 million available to pay its $848.2 million in bills, according to The Center Square. It is also short $36 million when it comes to retiree health benefits.
To arrive at these rankings, the think tank Truth in Accounting analyzed 2018 Comprehensive Annual Fiscal Reports.
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