Truth in Accounting

El Paso, TX

TIA Data

2022 Financial State of El Paso (Released 2/15/2024)

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

 
El Paso owes more than it owns.
El Paso's Taxpayer Burden™ is -$800, and it received a "C" from TIA.
El Paso 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.
El Paso only has $1.6 billion of assets available to pay bills totaling $1.8 billion.
Because El Paso doesn't have enough money to pay its bills, it has a -$156.7 million financial hole. To erase this shortfall, each El Paso taxpayer would have to send -$800 to the city.
El Paso's reported net position is understated by $275.9 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.
The city's financial report was released 177 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of El Paso

2020 Financial State of El Paso

2019 Financial State of El Paso

2018 Financial State of El Paso

2017 Financial State of El Paso

2016 Financial State of El Paso

2015 Financial State of El Paso

Other Resources

El Paso Annual Comprehensive Financial Reports

Publishing Entity: Office of the Comptroller

IN THE NEWS
VIEW LESS