Texas

TIA Data

2018 Financial State of Texas (Released 9/24/2019)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Texas owes more than it owns.
Texas' Taxpayer Burden™ is -$12,100, and it received a "D" from TIA.
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 $81.3 billion of assets available to pay bills totaling $179.9 billion.
Because Texas doesn't have enough money to pay its bills, it has a $98.7 billion financial hole. To fill it, each Texas taxpayer would have to send $12,100 to the state.
Texas's reported net position is understated by $14.8 billion, largely because the state defers recognizing losses incurred when the net pension liability increases.
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

2017 Financial State of Texas

2016 Financial State of Texas

2015 Financial State of Texas

2014 Financial State of Texas

2013 Financial State of Texas

2012 Financial State of Texas

2011 Financial State of Texas

2010 Financial State of Texas

2009 Financial State of Texas

City and Other Municipal Reports

Financial State of Arlington

Financial State of Austin

Financial State of Corpus Christi

Financial State of Dallas

Financial State of El Paso

Financial State of Fort Worth

Financial State of Houston

Financial State of Plano

Financial State of San Antonio

Other Resources

Texas Comprehensive Annual Financial Reports

Publishing Entity: Texas Comptroller of Public Accounts

IN THE NEWS
Texas voters say no to income tax

NOVEMBER 6, 2019 | THE DALLAS MORNING NEWS | by Maria Mendez

Texans, who already don’t pay a statewide income tax, voted Tuesday to make it even more difficult for state leaders to ever impose the tax on them in the future.

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