Examining public debt owed by Texas’ most populous cities, counties, and school districts.
Key points
– Local government debt in Texas has reached concerning proportions.
– The 10 largest cities have borrowed more than $70.3 billion, or $7,853 per resident.
– The 10 largest counties owe a combined $14 billion, or $793 per resident.
– The 10 largest school districts’ debts total $31.5 billion, or $31,215 per student.