Texas : State Data and Comparisons : Data-Z

Texas

TIA Data

2023 Financial State of Texas (Released 10/03/2024)

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

Texas owes more than it owns.

Texas is a Sinkhole State without enough assets to cover its debt.

Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.

TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.

Texas only has $171.6 billion of assets available to pay bills totaling $181.1 billion.

Because Texas doesn't have enough money to pay its bills, it has a -$9.5 billion financial hole. To fill it, each Texas taxpayer would have to send -$900 to the state.

Texas's reported net position is understated by $27.9 billion, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.

The state's financial report was released 181 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2022 Financial State of Texas

2021 Financial State of Texas

2020 Financial State of Texas

2019 Financial State of Texas

2018 Financial State of Texas

2017 Financial State of Texas

2016 Financial State of Texas

2015 Financial State of Texas

2014 Financial State of Texas

2013 Financial State of Texas