2014 Data (Released 06/09/2015)

Financial State of Texas

Press Release

Texas owes more than it owns
At -$8,300, Texas's “Taxpayer's Burden” ranks 27th out of the 50 states
Texas is among 39 “Sinkhole States” 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 assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Texas has only $67.7 billion of assets available to pay bills totaling $130.3 billion
To fill the $62.6 billion financial hole each Texas taxpayer would have to send $8,300 to the state
The state's financial report was released 180 days after its fiscal year end, which is considered timely according to the 180 day goal

Prior Years' TIA Data

2013 Financial State of Texas

Other Resources

Publishing Entity:  Texas Comptroller