Truth in Accounting

Dallas, TX

TIA Data

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

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

 
Dallas' Taxpayer Burden™ is -$9,400, and it received a "D" from TIA.
Dallas 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.
Dallas only has $2.5 billion of assets available to pay bills totaling $6.2 billion.
Because Dallas doesn't have enough money to pay its bills, it has a $3.7 billion financial hole. To erase this shortfall, each Dallas taxpayer would have to send $9,400 to the city.
Dallas's reported net position is understated by $2.3 billion, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 172 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2017 Financial State of Dallas

2017 Dallas Combined Taxpayer Burden

2016 Financial State of Dallas

2016 Dallas Combined Taxpayer Burden

2015 Financial State of Dallas

2014 Financial State of Dallas

Other Resources

Dallas Comprehensive Annual Financial Reports

Publishing Entity: City Controller's Office

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