Texas
| Texas owes more than it owns. |
| Texas has a -$400 Taxpayer Burden.™ |
| 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 $174.4 billion of assets available to pay bills totaling $178.3 billion. |
| Because Texas doesn't have enough money to pay its bills, it has a -$3.9 billion financial hole. To fill it, each Texas taxpayer would have to send -$400 to the state. |
| Texas's reported net position is understated by $11.1 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 Reports
City and Municipal Reports
Financial State of Corpus Christi
Financial State of San Antonio
Other Resources
Texas Annual Comprehensive Financial Reports
Publishing Entity: State of Texas Annual Comprehensive Financial Report (ACFR)
