El Paso : State Data and Comparisons : Data-Z

El Paso, TX

TIA Data

2023 Financial State of El Paso (Released 02/27/2024)

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

El Paso owes more than it owns.

El Paso has a -$2,300 Taxpayer Burden.™

El Paso 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.

El Paso only has $2.2 billion of assets available to pay bills totaling $2.7 billion.

Because El Paso doesn't have enough money to pay its bills, it has a -$526.4 million financial hole. To erase this shortfall, each El Paso taxpayer would have to send -$2,300 to the city.

El Paso's reported net position is inflated by $242 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 176 days after its fiscal year end, which is considered timely according to the 180 day standard.