AUSTIN – Today, the Texas House is expected to take up for debate House Bill 506, a proposal to allow certain school districts to exceed the 50-cent debt limit and get further into debt. TPPF Center for Local Governance Director James Quintero issued the following statement:
“ISDs in Texas already harbor the most debt of any type of local government,” said Quintero. “The latest Bond Review Board data suggests that total school district debt, including principal and interest, had grown to more than $112.2 billion in fiscal year 2014—much more than what’s been accrued by cities, counties, or special districts. Allowing certain school districts to get further into debt is not the right policy prescription, particularly when it portends higher property taxes and slower economic growth.”
To schedule an interview with Mr. Quintero, please contact Caroline Espinosa at email@example.com or 512-472-2700.
James Quintero is director of the Center for Local Governance at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.