Truth in Accounting

Houston, TX

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TIA Data

2023 Financial State of Houston (Released 02/27/2024)

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

 
Houston owes more than it owns.
Houston has a -$5,700 Taxpayer Burden.™
Houston 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.
Houston only has $6.5 billion of assets available to pay bills totaling $11 billion.
Because Houston doesn't have enough money to pay its bills, it has a -$4.5 billion financial hole. To erase this shortfall, each Houston taxpayer would have to send -$5,700 to the city.
Houston's reported net position is understated by $667.9 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 140 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Houston

2021 Houston Combined Taxpayer Burden

2021 Financial State of Houston

2020 Houston Combined Taxpayer Burden

2020 Financial State of Houston

2019 Houston Combined Taxpayer Burden

2019 Financial State of Houston

2018 Houston Combined Taxpayer Burden

2018 Financial State of Houston

2017 Houston Combined Taxpayer Burden

2017 Financial State of Houston

2016 Houston Combined Taxpayer Burden

2016 Financial State of Houston

2015 Financial State of Houston

2014 Financial State of Houston

 

Other Resources

Houston Annual Comprehensive Financial Reports

Publishing Entity: City of Houston Controller's Office

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