Austin : State Data and Comparisons : Data-Z

Austin, TX

TIA Data

2022 Financial State of Austin (Released 2/15/2024)

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

Austin owes more than it owns.

Austin's Taxpayer Burden™ is -$6,500, and it received a "D" from TIA.

Austin 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.

Austin only has $6.1 billion of assets available to pay bills totaling $8 billion.

Because Austin doesn't have enough money to pay its bills, it has a -$1.9 billion financial hole. To erase this shortfall, each Austin taxpayer would have to send -$6,500 to the city.

Austin's reported net position is understated by $969.3 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 159 days after its fiscal year end, which is considered timely according to the 180 day standard.

Prior Years' TIA Data

2021 Financial State of Austin

2020 Financial State of Austin

2019 Financial State of Austin

2018 Financial State of Austin

2017 Financial State of Austin

2016 Financial State of Austin

2015 Financial State of Austin

Other Resources

Austin Annual Comprehensive Financial Reports

Publishing Entity: City Controller's Office