Austin, TX

TIA Data

2019 Financial State of Austin (Released 1/26/2021)

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Austin's Taxpayer Burden™ is -$7,600, and it received a "D" 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 $4.3 billion of assets available to pay bills totaling $6.4 billion.
Because Austin doesn't have enough money to pay its bills, it has a $2.1 billion financial hole. To erase this shortfall, each Austin taxpayer would have to send $7,600 to the city.
Austin's reported net position is inflated by $350.2 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 158 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Austin

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

IN THE NEWS
Austin mayor delivers controversial ‘State of the City’ amid public safety disasters

SEPTEMBER 1, 2021 | TEXAS SCORECARD | by Jacob Asmussen

By Jacob Asmussen, includes “Amid record violent crime on the streets, a ‘dire situation’ at the defunded local police department, … Austin Mayor Steve Adler says the state of Texas’ capital city is the ‘strongest in the country.’ … And that doesn’t even mention the city council’s runaway property taxes and spending, with billions of racked-up debt contributing to an affordability crisis for working families …"

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