School districts face millions in extra costs as Texas program that backs bond debt hits its limitWithout the state’s 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 districts’ bond debt is about to reach its limit — and it could mean raising taxesUnder the state’s Permanent School Fund’s Bond Guarantee Program, schools get the best interest rate on bonds. That soon may be over if the federal government doesn’t act.
