Live Breaking News & Updates on He Texas Tribunes Daily Newsletter That Keeps Readers Up To Speed On The Most Essential Newsa State Backed Program For Decades Has Helped School Districts Get Lowest Interest Rates Possible Bonds And Keep Their Credit Scores High Reached Its Debt Limit It Could Cost Taxpayers Millions Of Dollars Permanent Fund Promises Lenders Who Buy Froma District Will Pay Them Back If Cant But Can Only Vouch So Much Irs

Stay updated with breaking news from He texas tribunes daily newsletter that keeps readers up to speed on the most essential newsa state backed program for decades has helped school districts get lowest interest rates possible bonds and keep their credit scores high reached its debt limit it could cost taxpayers millions of dollars permanent fund promises lenders who buy froma district will pay them back if cant but can only vouch so much irs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Texas school districts face millions in costs as state program hits max

Without the state’s safety net, districts with pending bond projects must now decide whether to pay more in interest or halt construction. ....

United States , Fred Ramos , Matthew Gutierrez , Jodeyc Arrington , Lloyd Doggett , Carolyn Perez , Brian Lopez , Texa Permanent School Fund , Austin Independent School District , Texas Education Agency , Permanent School Fund , House Resolution , Chief Financial Officer Ed Ramos , Superintendent Matthew Gutierrez , Texas Tribune , School Districts Face Millions In Extra Costs As Texas Program That Backs Bond Debt Hits Its Limit By Brian Lopez , He Texas Tribune Feb 24 , 023 Quot School Districts Face Millions In Extra Costs As Texas Program That Backs Bond Debt Hits Its Limit Was First Published By The Tribune , Wa Nonprofit , Onpartisan Media Organization That Informs Texans And Engages With Them About Public Policy , Overnment And Statewide Issues Sign Up For The Brief , He Texas Tribunes Daily Newsletter That Keeps Readers Up To Speed On The Most Essential Newsa State Backed Program For Decades Has Helped School Districts Get Lowest Interest Rates Possible Bonds And Keep Their Credit Scores High Reached Its Debt Limit It Could Cost Taxpayers Millions Of Dollars Permanent Fund Promises Lenders Who Buy Froma District Will Pay Them Back If Cant But Can Only Vouch So Much Irs , Hich Has Jurisdiction Over Tax Exempt Municipal Bonds , As Set That Limit At About 117 Billion And It Was Reached In December Since Then , T Least 49 School And Charter Districts That Asked The Psf To Back Their Debt Were Denied Due Insufficient Capacity , Esulting In More Than 6 87 Billion Unguaranteed Bonds Psfs Communications Director ,