El Paso, TX

TIA Data

2019 Financial State of El Paso (Released 1/26/2021)

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El Paso's Taxpayer Burden™ is -$5,200, and it received a "D" from TIA.
El Paso 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.
El Paso only has $738.3 million of assets available to pay bills totaling $1.7 billion.
Because El Paso doesn't have enough money to pay its bills, it has a $994.6 million financial hole. To erase this shortfall, each El Paso taxpayer would have to send $5,200 to the city.
El Paso's reported net position is inflated by $211.6 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 180 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of El Paso

2017 Financial State of El Paso

2016 Financial State of El Paso

2015 Financial State of El Paso

Other Resources

El Paso Comprehensive Annual Financial Reports

Publishing Entity: Office of the Comptroller

El Paso taxpayers owe three billion dollars

SEPTEMBER 10, 2021 | EL PASO NEWS | by Martin Paredes

By Martin Paredes, includes “… ‘El Paso finances worsened prior to the pandemic,’ says a January 26, 2021, report by the non-profit Truth and Accounting that analyses financial report that cities are required to make public. … Truth in Accounting has given El Paso a ‘D’  grade on its finances.”