Truth in Accounting

Houston, TX

TIA Data

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

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

 
Houston's Taxpayer Burden™ is -$11,600, and it received a "D" from TIA.
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 $5.6 billion of assets available to pay bills totaling $13.2 billion.
Because Houston doesn't have enough money to pay its bills, it has a $7.5 billion financial hole. To erase this shortfall, each Houston taxpayer would have to send $11,600 to the city.
Houston's reported net position is inflated by $590.6 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 170 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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 Comprehensive Annual Financial Reports

Publishing Entity: City of Houston Controller's Office

IN THE NEWS
Houston earns dismal grade for financial health, new report says

FEBRUARY 2, 2021 | CULTUREMAP (TEXAS) | by Chantal Rice

By Chantal Rice, includes “compared to many of Texas' big cities, Houston is hardly making the grade fiscally. That’s according to a recent report from nonpartisan, nonprofit think tank Truth in Accounting. Houston earns a D grade for its financial health in Truth in Accounting's new Financial State of the Cites 2021 report, a comprehensive analysis of the fiscal health of the top 75 most populated cities in the U.S.”

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