Texas

Texas

  • Texas is a Sinkhole State and has the 26th worst per Taxpayer Burden
  • Texas has only $67 billion to pay the state's bills totaling $117 billion
  • To fill its $49 billion financial hole, each taxpayer would have to send $6,700 to the state
  • The Texas financial statements clearly report $8 billion of retirement liabilities, but in reality the state has nearly $81 billion of unfunded retirement promises
  • The Texas Taxpayer Burden is 15% of an average citizen's personal income of $43,552
  • Outbound moves from Texas were 44%, which usually means more people are moving into the state
For a comprehensive look into the state's financial position, read the Texas Financial State of the State
Publishing Entity:  Texas Comptroller

Truth in Accounting’s methodology is unique, analyzing all state assets and liabilities, including unreported pension and retirement health liabilities.

IN THE NEWS
VIEW LESS