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