Fort Worth, TX

TIA Data

2017 Financial State of Fort Worth (Released 1/29/2019)

 
Fort Worth's Taxpayer Burden.™ is -$12,500, and received a "D" from TIA.
Fort Worth is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Fort Worth only has $1.8 billion of assets available to pay bills totaling $4.9 billion.
Because Fort Worth doesn't have enough money to pay its bills, it has a $3.1 billion financial hole. To erase this shortfall, each Fort Worth taxpayer would have to send $12,500 to the city.
Fort Worth's reported net position is overstated by $1.3 billion, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 151 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Fort Worth

2015 Financial State of Fort Worth

Other Resources

Fort Worth Comprehensive Annual Financial Reports

Publishing Entity: Fort Worth Financial Management Services

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