Texas

TIA Data

2016 Financial State of Texas (Released 6/15/2017)

2015 Financial State of San Antonio (Released 1/11/2017)

2015 Financial State of Houston (Released 1/11/2017)

2015 Financial State of Fort Worth (Released 1/11/2017)

2015 Financial State of El Paso (Released 1/11/2017)

2015 Financial State of Dallas (Released 1/11/2017)

2015 Financial State of Austin (Released 1/11/2017)

2015 Financial State of Arlington (Released 1/11/2017)

 
Texas owes more than it owns and ranks the 27th out of the 50 states.
Texas' Taxpayer Burden™ is -$8,600, and received a "D" from TIA.
Texas is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Texas only has $72.3 billion of assets available to pay bills totaling $141.6 billion.
Because Texas doesn't have enough money to pay its bills, it has a $69.3 billion financial hole. To fill it, each Texas taxpayer would have to send $8,600 to the state.
Because of an accounting rule implemented last year, Texas has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $35.9 billion in 2015 to $38.3 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Texas' total hidden debt amounts to $64.9 billion. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 243 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Texas

2014 Financial State of Texas

2013 Financial State of Texas

Other Resources

Texas Comprehensive Annual Financial Reports

Publishing Entity: Texas Transparency

IN THE NEWS
Why Texas courts will stop ‘nickel-and-diming’ the poor

JULY 24, 2017 | THE ATLANTIC

Debtors’ prisons were outlawed nationally in 1833, but their essential function nevertheless persists in states across the country, and penalties are imposed for crimes large and small. 

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