San Antonio, TX

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

2016 Financial State of San Antonio (Released 1/24/2018)

San Antonio's Taxpayer Burden™ is -$3,000, and it received a "C" from TIA.
San Antonio 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.
San Antonio only has $4.6 billion of assets available to pay bills totaling $5.9 billion.
Because San Antonio doesn't have enough money to pay its bills, it has a $1.3 billion financial hole. To erase this shortfall, each San Antonio taxpayer would have to send $3,000 to the city.
Thanks to an accounting rule implemented in the 2015 fiscal year, San Antonio must report its pension debt on its balance sheet. However, the city still excludes $775.7 million of retirement obligations, which consist mostly 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 252 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2015 Financial State of San Antonio

2014 Financial State of San Antonio

Other Resources

San Antonio Comprehensive Annual Financial Reports

Publishing Entity: City of San Antonio Finance Department

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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