INTERIM. Texas State Debt vs. Local Debt by the Numbers.

State Debt by the numbers:

• Total Outstanding State Debt: $41.0 billion
• Top 3 Categories of State Debt:
  • Non-General Obligation Debt for Business and Economic Development
  • Non-General Obligation Debt for Education
  • General Obligation Debt for Business and Economic Development
• More than $30 Billion of the Bonds are Self- Supporting
• 1.38%  ratio of debt service on outstanding or issued debt  
• General Obligation Debt must pass each chamber by 2/3 vote and be approved by voters
• State Debt is 15.8% of all Texas government debt (state and local)

Local Debt by the numbers:

• Total Outstanding Local Debt: $212.4 billion
• Top 3 Categories originating Local Debt:
  • School Districts
  • Local Governments
  • Water Districts
• 62% of local debt is tax supported general obligation

LBB | Debt Summary 

LBB | Overview of State Debt