Texas Comptroller Says Texas School Districts Racking Up Debt

AUSTIN (October 25, 2012)—Comptroller Susan Combs, the state's chief accountant, put the spotlight Thursday on rising debt in Texas school districts at a time when many are suing the state over funding.

A report that Combs released Thursday says school district debt rose 155 percent in the past decade.

The statewide total is now more than $63 billion, the report said.

The report comes as more than 600 school districts took the state to court this week in the trial of a lawsuit that alleges that the school-finance system is so broke that students aren't being adequately educated.

Combs said the report's intent is transparency and not criticism.

She said it includes best-practice examples that other districts can use to get more bang for their buck when using bond dollars to build new classrooms and buy new equipment.

“Educating young Texans is crucial to the state’s continued economic success, but we must also ensure costs do not over-burden Texas taxpayers and families,” Combs said.

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