San Antonio : State Data and Comparisons : Data-Z

San Antonio, TX

TIA Data

2023 Financial State of San Antonio (Released 02/27/2024)

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San Antonio owes more than it owns.

San Antonio has a -$1,400 Taxpayer Burden.™

San Antonio 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.

San Antonio only has $7.9 billion of assets available to pay bills totaling $8.6 billion.

Because San Antonio doesn't have enough money to pay its bills, it has a -$730.8 million financial hole. To erase this shortfall, each San Antonio taxpayer would have to send -$1,400 to the city.

San Antonio's reported net position is inflated by $875.4 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.

The city's financial report was released 179 days after its fiscal year end, which is considered timely according to the 180 day standard.