Austin, TX

TIA Data

2018 Financial State of Austin (Released 1/24/2020)

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Austin's Taxpayer Burden™ is -$3,300, and it received a "C" from TIA.
Austin 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.
Austin only has $4.1 billion of assets available to pay bills totaling $5 billion.
Because Austin doesn't have enough money to pay its bills, it has a $947.3 million financial hole. To erase this shortfall, each Austin taxpayer would have to send $3,300 to the city.
Austin's reported net position is understated by $454.3 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
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

2017 Financial State of Austin

2016 Financial State of Austin

2015 Financial State of Austin

Other Resources

Austin Comprehensive Annual Financial Reports

Publishing Entity: City Controller's Office

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