Texas Public Policy Foundation: Local Debt Soars to $376 Billion
January 29, 2021
January 29, 2021
AUSTIN, Texas, Jan. 29 -- Texas Public Policy Foundation issued the following news release:
The Bond Review Board's newly released dataset reveals that local governments continue to borrow heavily. According to the agency, debt owed by cities, counties, school districts, and special districts grew to a total of $375.7 billion in fiscal year 2020, an increase of almost $50 billion since 2016. On a per capita basis, local governments owe more than $12,500 per Texan.
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The Bond Review Board's newly released dataset reveals that local governments continue to borrow heavily. According to the agency, debt owed by cities, counties, school districts, and special districts grew to a total of $375.7 billion in fiscal year 2020, an increase of almost $50 billion since 2016. On a per capita basis, local governments owe more than $12,500 per Texan.
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