TPPF Statement on New Local Debt Data
The Texas Public Policy Foundation’s Center for Local Governance Director James Quintero issued the following statement on the Texas Bond Review Board’s new data on public debt owed by Texas’ cities, counties, school districts, and special districts. According to the agency’s estimates, the total debt owed by all local governmental entities rose to $342.1 billion in FY 2016, an increase from $338.4 billion owed in the previous fiscal year. Total local debt owed per capita is slightly above $12,450.
Press Release December 6, 2016