Truth in Accounting

Corpus Christi, TX

TIA Data

2022 Financial State of Corpus Christi (Released 2/15/2024)

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Corpus Christi owns more than it owes.
Corpus Christi's Taxpayer Surplus™ is $1,500, and it received a "B" from TIA.
Corpus Christi is a Sunshine City with enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after city bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates all assets and liabilities, including retirement obligations.
Corpus Christi has $807.5 million of assets available to pay the state's bills totaling $663.3 million.
Corpus Christi has $144.2 million available after bills have been paid, which breaks down to $1,500 per taxpayer.
Corpus Christi's reported net position is understated by $7.7 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 182 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of Corpus Christi

2020 Financial State of Corpus Christi

2019 Financial State of Corpus Christi

2018 Financial State of Corpus Christi

2017 Financial State of Corpus Christi

2016 Financial State of Corpus Christi

Other Resources

Corpus Christi Annual Comprehensive Financial Reports

Publishing Entity: Financial Services

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