$148 Billion in Texas School Debt the State Can't Touch

Written By Sophia DeLoretto-Chudy

Texas ISDs carry $148.2 billion in bond debt funded by I&S property taxes that are exempt from recapture. While M&O taxes get redistributed through the state, I&S revenue stays 100% local. The result: property-wealthy districts build college-scale stadiums with money the state can never touch, and fast-growing suburbs bond against residents who haven't moved in yet.

Learn more
Sophia DeLoretto-Chudy
Previous

Austin ISD is closer than ever to a state intervention. Here's what happens next
Next

The District That Plays by Different Rules