Dallas, TX

Dallas and its underlying government entities (Released 7/17/2018)

2016 Financial State of Dallas (Released 1/24/2018)

Dallas' Taxpayer Burden™ is -$21,700, and it received an "F" from TIA.
Dallas is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have led to a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement accounts for all assets and liabilities, including pension and retiree healthcare debt.
Dallas only has $2.1 billion of assets available to pay bills totaling $10 billion.
Because Dallas doesn't have enough money to pay its bills, it has a $7.9 billion financial hole. To erase this shortfall, each Dallas taxpayer would have to send $21,700 to the city.
Thanks to an accounting rule implemented in the 2015 fiscal year, Dallas must report its pension debt on its balance sheet. However, the city still excludes $240.7 million of retirement obligations, which consist entirely of retiree healthcare liabilities. A new accounting standard will be implemented in the 2018 fiscal year that will require governments to report these liabilities on the balance sheet as well.
The city's financial report was released 266 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of Dallas

2014 Financial State of Dallas

Other Resources

Dallas Comprehensive Annual Financial Reports

Publishing Entity: City of Dallas

IN THE NEWS
Watchdog group: "Debt bomb" could force tax increases in Texas

AUGUST 7, 2018 | NEWS RADIO 1200 WOAI

Nobody likes higher taxes, but a watchdog group says there is a 'debt bomb' ticking away in Texas cities, and it is likely to explode soon and require sharply higher taxes for everybody, News Radio 1200 WOAI reports.

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