For Immediate Release
March 26, 2014
Texas Comptroller Susan Combs Releases Updated “Debt At A Glance” Pages As Texans Prepare For Local Bond Elections
(AUSTIN) —With more than 50 local bond elections coming in May, Texas Comptroller Susan Combs today announced updated “Debt at a Glance” Web pages which now detail finances for every city, school district, and community college district in the state.
Debt at a Glance is a user-friendly online web resource that outlines debt totals and trends as well as details on tax rates, bond elections, authorized but unissued debt, certificates of obligation and links to the comprehensive annual financial report (CAFR). The list now includes pages for 1,215 cities, 1,026 school districts, 50 community college districts, as well as the 100 largest counties in Texas.
Debt at a Glance can be found at http://texastransparency.org/Special_Features/Debt_at_a_Glance/. The data is updated through the end of fiscal 2013 and comes from the Bond Review Board, which compiles debt information reported by state agencies and local governments. The Web pages were already in place for the state’s 100 largest cities, counties, school districts and all 50 community college districts.
“Since we launched our local debt features last year, we have continued to add information beneficial to taxpayers,” Combs said. “With more than 2,000 Debt at a Glance pages, residents in urban, suburban and rural areas across Texas have easy access to informative data to help them understand the scope of their local government debt obligations so they have a clear picture when they’re asked to take on more debt.”
For the May 10 bond elections, the Comptroller’s office has also updated bond proposition related information on the Tell the Truth Texas website at http://www.tellthetruthtexas.org/tools/bond-elections/bond-master.php. The information includes the local government entity, purpose of the bond, and the bond amount. Similar information was gathered for the local bond propositions last November.
“I commend Comptroller Combs for her continued efforts to shine a light on government debt and spending,” said Will Newton, executive director of the National Federation for Independent Business Texas. “It is important for small businesses to understand their public debt load and debt service obligations and how it will affect their bottom lines so they can plan for the future of their companies.”
The Comptroller’s office is using various sources including media clippings to give the broadest account possible of the May 20 bond propositions. If anyone is aware of an election that is not on the website they are encouraged to contact the agency at email@example.com.
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