Fort Worth : State Data and Comparisons : Data-Z

Fort Worth, TX

TIA Data

2023 Financial State of Fort Worth (Released 02/27/2024)

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Fort Worth owes more than it owns.

Fort Worth has a -$4,100 Taxpayer Burden.™

Fort Worth 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.

Fort Worth only has $3.2 billion of assets available to pay bills totaling $4.6 billion.

Because Fort Worth doesn't have enough money to pay its bills, it has a -$1.4 billion financial hole. To erase this shortfall, each Fort Worth taxpayer would have to send -$4,100 to the city.

Fort Worth's reported net position is inflated by $194.1 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 152 days after its fiscal year end, which is considered timely according to the 180 day standard.