Because school facilities taxes are part of many taxpayers’ total school property tax bill, the way that facilities are funded should be a fundamental part of comprehensive school finance reform. The growing investment of state tax dollars to help local school districts pay off facilities debt lends particular urgency to the need for state policymakers to establish standards, accountability, and controls for the debt that local school districts elect to incur and pass along to every taxpayer in the state.
Hijacked: How the Bond Process is Being Used Against Taxpayers
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...