The Texas Comptroller shined a light on rising school district debt in the state, but local districts said the comptroller’s study left out some key pieces of the puzzle.
Texas Comptroller Susan Combs released a study that found in 2011, public school debt was $63.6 billion, or about $13,530 for every student in a school district with debt, and accounted for more than one-third of all local debt in Texas.
Most of that debt is from bond sales approved by voters and used for infrastructure projects. In the last 10 years, public school debt rose about 155 percent, the study said.
And well more than half of the public school districts in Texas are carrying some debt. Of 1,024 school districts, 854 have outstanding debt, the study said.