Fort Worth, TX

TIA Data

2019 Financial State of Fort Worth (Released 1/26/2021)

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Fort Worth's Taxpayer Burden™ is -$9,400, and it received a "D" from TIA.
Fort Worth 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.
Fort Worth only has $1.9 billion of assets available to pay bills totaling $4.3 billion.
Because Fort Worth doesn't have enough money to pay its bills, it has a $2.4 billion financial hole. To erase this shortfall, each Fort Worth taxpayer would have to send $9,400 to the city.
Fort Worth's reported net position is inflated by $476.3 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 130 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Fort Worth

2017 Financial State of Fort Worth

2016 Financial State of Fort Worth

2015 Financial State of Fort Worth

Other Resources

Fort Worth Comprehensive Annual Financial Reports

Publishing Entity: Fort Worth Financial Management Services

Interview: Fort Worth Councilmember Cary Moon

MAY 5, 2021 | TEXAS SCORECARD | by Robert Montoya

By Robert Montoya, includes “Q. Truth in Accounting found Fort Worth to be a sinkhole city, meaning it would need $9,400 more per taxpayer to pay all of its debts. They found most of the problems stem from growing unfunded retirement obligations. ”