State Debt. Local Debt. The Numbers Stirring Controversy.

Total State & Local Debt: $249,600,000,000

  • Local Debt: $ 205,300,000,000 or 82.3%
  • State Debt: $44,300,000,000 or 17.7%

Bonds backed by the full faith and credit of the state, General Obligation Bonds:

  • $10,445,700 in self supporting
  • $4,642,700 in non-self supporting

Total Revenue Bonds: $23,562,700

Appropriations for debt service on outstanding state debt: $17,128.5 Million

Constitutional Debt Limit: 5.0% of annual debt service payable from unrestricted General Revenue (excluding constitutionally dedicated)    LBB State Debt Overview

 

 

  • backed by the full faith and credit of the state 

 

 

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