School bonds are one of the main instruments contributing to Texas’s local government debt, which is currently over half a trillion dollars.
Key points:
- As of 2026, school bond debt in Texas is over $236 billion.
- In May of 2023, Texas passed 79% of the 245 bond proposals put on the ballot, costing taxpayers $22.9 billion.
- A simple school bond PAC contribution of $2,000 from a consulting firm to support the bond can result in compensation of over $2 million to that entity.
- Some school districts routinely pursue subsequent bonds within 6 months to a year from a defeated bond proposition.