School districts face millions in extra costs as Texas program that backs bond debt hits its limitWithout the stateโs safety net, districts with pending bond projects must now decide whether to pay more in interest or halt construction.
A Texas program that backs school districtsโ bond debt is about to reach its limit โ and it could mean raising taxesUnder the stateโs Permanent School Fundโs Bond Guarantee Program, schools get the best interest rate on bonds. That soon may be over if the federal government doesnโt act.