Truth in Accounting

Dallas, TX

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TIA Data

2023 Financial State of Dallas (Released 02/27/2024)

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

 
Dallas owes more than it owns.
Dallas has a -$13,300 Taxpayer Burden.™
Dallas 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.
Dallas only has $3.9 billion of assets available to pay bills totaling $9.7 billion.
Because Dallas doesn't have enough money to pay its bills, it has a -$5.9 billion financial hole. To erase this shortfall, each Dallas taxpayer would have to send -$13,300 to the city.
Dallas's reported net position is inflated by $1.3 billion, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 151 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Dallas

2021 Financial State of Dallas

2021 Dallas Combined Taxpayer Burden

2020 Financial State of Dallas

2020 Dallas Combined Taxpayer Burden

2019 Financial State of Dallas

2019 Dallas Combined Taxpayer Burden

2018 Financial State of Dallas

2018 Dallas Combined Taxpayer Burden

2017 Financial State of Dallas

2017 Dallas Combined Taxpayer Burden

2016 Financial State of Dallas

2016 Dallas Combined Taxpayer Burden

2015 Financial State of Dallas

2014 Financial State of Dallas

 

Other Resources

Dallas Annual Comprehensive Financial Reports

Publishing Entity: City of Dallas

IN THE NEWS
Financial State of the Cities 2025

FEBRUARY 27, 2025

The Financial State of the Cities report found that 54 cities did not have enough money to pay their bills. Each city has some form of a balanced budget requirement, but this new report shows that cities have not met the intent of their requirement and have pushed costs onto future taxpayers.

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