Texas

TIA Data

2017 Financial State of Texas (Released 9/25/2018)

 
Texas owes more than it owns.
Texas has a -$10,100 Taxpayer Burden.™
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 $76.1 billion of assets available to pay bills totaling $158.3 billion.
Because Texas doesn't have enough money to pay its bills, it has a $82.2 billion financial hole. To fill it, each Texas taxpayer would have to send $10,100 to the state.
Texas's reported net position is inflated by $7.3 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
The state is still hiding $58.8 billion of its retiree health care debt. A new accounting standard will be implemented in the 2018 fiscal year which will require states to report this debt on the balance sheet.
The state's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Texas

2016 Financial State of San Antonio

2016 Financial State of Plano

2016 Financial State of Houston

2016 Financial State of Fort Worth

2016 Financial State of El Paso

2016 Financial State of Dallas

2016 Financial State of Corpus Christi

2016 Financial State of Austin

2016 Financial State of Arlington

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
Is ending a tax break easier to swallow than a tax hike?

NOVEMBER 28, 2018 | THE TEXAS TRIBUNE | by Ross Ramsey

Lawmakers looking to realign the state's public school finances while also cutting local property taxes can't do both without a lot of money. They don't want to raise taxes, but they have nearly $60 billion in annual tax exemptions that might provide a solution.

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