TIA Data

2019 Financial State of Texas (Released 9/22/2020)

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

Texas owes more than it owns.
Texas' Taxpayer Burden™ is -$11,300, and it received a "D" from TIA.
Texas is a Sinkhole State without enough assets to cover its debt.
Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.
Texas only has $89 billion of assets available to pay bills totaling $185.7 billion.
Because Texas doesn't have enough money to pay its bills, it has a $96.7 billion financial hole. To fill it, each Texas taxpayer would have to send $11,300 to the state.
Texas's reported net position is understated by $6.9 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2018 Financial State of Texas

2017 Financial State of Texas

2016 Financial State of Texas

2015 Financial State of Texas

2014 Financial State of Texas

2013 Financial State of Texas

2012 Financial State of Texas

2011 Financial State of Texas

2010 Financial State of Texas

2009 Financial State of Texas

City and Other Municipal Reports

Financial State of Arlington

Financial State of Austin

Financial State of Corpus Christi

Financial State of Dallas

Financial State of El Paso

Financial State of Fort Worth

Financial State of Houston

Financial State of Plano

Financial State of San Antonio

Other Resources

Texas Comprehensive Annual Financial Reports

Publishing Entity: Texas Comptroller

Landmark Texas pension reform law tackles funding issues, secures employees’ retirement benefits

JUNE 22, 2021 | REASON FOUNDATION | by Leonard Gilroy, Steven Gassenberger, Zachary Christensen

By Leonard Gilroy, Steven Gassenberger and Zachary Christensen, includes “The law, signed by Texas Gov. Greg Abbott on June 18, includes two major changes: committing the state to make annual contributions that will fully fund the retirement promises already made to public workers and introducing a cash balance plan for future hires...” (Note: See their Figure 4, “ERS Statutory vs. ADEC Contributions (1998-2020)”)