“This report examines local government debt in Texas’ most populous cities, counties, and school districts.”
Key points:
- Local government debt in Texas is large and growing quickly, raising serious concerns around affordability, sustainability, and prudence.
- The 10 largest cities have borrowed more than $78 billion, or $8,664 per resident.
- The 10 largest counties have borrowed more than $18 billion, or $991 per resident.
- The 10 largest school districts have borrowed more than $36 billion, or $35,885 per student.