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2025 annual report

Texas Bond Review Board — Local Government Annual Report 2025

Fiscal year ended . Printed report, January 2026.

Print or save as PDFAnnual report PDF (117 pages)

Live exhibits use the Data Center’s loaded open data. Each shows its basis and comparison with the printed report. These definitions are a draft for BRB review.

Live exhibits

Contents

Chapter 1 3 live
  1. Table 1.1 — Texas Local Government — Debt Outstanding as of 8/31/2025PDF page 19
  2. Table 1.2 — Total State and Local Debt Outstanding: 10 Most Populous StatesPDF page 20
  3. Figure 1.1 — Texas Local Government — Total Debt Outstanding per CapitaPDF page 20
  4. Table 1.3 — Texas Local Government — Debt Outstanding by Fiscal YearLive · PDF page 21
  5. Figure 1.2 — Texas Local Government — Debt Outstanding by Fiscal YearLive · PDF page 22
  6. Figure 1.3 — Texas Local Government — Total Debt Outstanding as a Percent of Personal IncomePDF page 22
  7. Table 1.4 — Texas Local Government — Rate of Debt RetirementPDF page 23
  8. Table 1.5 — Texas Local Government — Debt Issuance by Fiscal YearLive · PDF page 25
Chapter 2 1 live
  1. Table 2.1 — Texas Local Government — Tax-Supported Debt Outstanding by Fiscal YearPDF page 27
  2. Figure 2.1 — Texas Local Government — Tax-Supported Debt Outstanding by Fiscal YearPDF page 28
  3. Figure 2.2 — Texas Local Government — Tax-Supported Debt Outstanding per CapitaPDF page 29
  4. Figure 2.3 — Texas Local Government — Per Capita Tax-Supported Debt as a Percentage of per Capita Personal IncomePDF page 30
  5. Table 2.2 — Texas Local Government — Tax-Supported Debt Issuance by Fiscal YearLive · PDF page 32
  6. Table 2.3 — Texas Local Government — Rate of Tax-Supported Debt RetirementPDF page 33
  7. Figure 2.4 — Texas Local Government — Tax-Supported Debt-Service Requirements by Fiscal YearPDF page 34
Chapter 3 1 live
  1. Table 3.1 — Texas Local Government — Revenue Debt Outstanding by Fiscal YearPDF page 35
  2. Figure 3.1 — Texas Local Government — Revenue Debt Outstanding by Fiscal YearPDF page 36
  3. Figure 3.2 — Texas Local Government — Revenue Debt Outstanding per CapitaPDF page 36
  4. Table 3.2 — Texas Local Government — Revenue Debt Issuance by Fiscal YearLive · PDF page 38
  5. Table 3.3 — Texas Local Government — Rate of Revenue Debt RetirementPDF page 39
  6. Figure 3.3 — Texas Local Government — Revenue Debt-Service Requirements by Fiscal YearPDF page 40
Chapter 4
  1. Table 4.1 — Texas Local Government — Capital Appreciation Bonds Par Amount Issued by Fiscal YearPDF page 42
  2. Table 4.2 — Texas Local Government — Top 20 Most Expensive Capital Appreciation Bonds Outstanding as of 8/31/2025PDF page 43
  3. Figure 4.1 — Texas Local Government — Capital Appreciation Bonds Issued 2011–2025PDF page 43
  4. Table 4.3 — Texas Local Government — Capital Appreciation Bonds Outstanding as of 8/31/2025PDF page 44
  5. Figure 4.2 — Texas Local Government — Capital Appreciation Bond Maturity Amount OutstandingPDF page 45
  6. Figure 4.3 — Texas Local Government — Total Debt Service Outstanding — Fiscal Years 2011–2025PDF page 45
  7. Figure 4.4 — Texas Local Government — Ratio of Total Debt Service/Total Par for Debt OutstandingPDF page 46
  8. Figure 4.5 — Texas Local Government — Ratio of School Districts Debt Service/Par for School Districts Debt OutstandingPDF page 46
Chapter 5 2 live
  1. Figure 5.1 — Texas Local Government — Total Certificates of Obligation Debt OutstandingPDF page 47
  2. Figure 5.2 — Texas Local Government — Certificates of Obligation Debt Issuance by Cities, Counties, and Health/Hospital Districts and Authorities by Fiscal YearPDF page 48
  3. Table 5.1 — Texas Local Government — Top 20 Issuers with Certificates of Obligation Debt Outstanding as of 8/31/2025PDF page 49
  4. Figure 5.3 — Texas Cities — Total Tax-Supported Debt OutstandingPDF page 50
  5. Table 5.2 — Texas Cities — Top 30 Issuers with Certificates of Obligation Outstanding as of 8/31/2025PDF page 51
  6. Table 5.3 — Texas Cities — Six Largest Cities with Certificates of Obligation Outstanding as of 8/31/2025PDF page 52
  7. Table 5.4 — Texas Counties — Top 20 Issuers of Certificates of Obligation Outstanding as of 8/31/2025PDF page 53
  8. Figure 5.4 — Texas Counties — Total Tax-Supported Debt OutstandingPDF page 54
  9. Table 5.5 — Texas Health/Hospital Districts and Authorities with Certificates of Obligation Outstanding as of 8/31/2025Live · PDF page 55
  10. Figure 5.5 — Texas Health/Hospital Districts and Authorities — Total Tax-Supported Debt OutstandingLive · PDF page 55
Appendix A
  1. Table A.1 — Texas Local Government — Number of Bond Election Propositions Approved by Fiscal YearPDF page 57
  2. Table A.2 — Texas Local Government — Estimated Bond Election Results by Fiscal YearPDF page 58
  3. Table A.3 — Texas Local Government — Carried Propositions — Bond Elections 5/3/2025PDF page 59
  4. Table A.4 — Texas Local Government — Defeated Propositions — Bond Elections 5/3/2025PDF page 68
  5. Table A.5 — Texas Local Government — Carried Propositions — Bond Elections 11/5/2024PDF page 71
  6. Table A.6 — Texas Local Government — Defeated Propositions — Bond Elections 11/5/2024PDF page 77
Appendix B
  1. Table B.1 — Texas Local Government — Conduit Debt Issuance by Fiscal YearPDF page 82
Appendix C
  1. Table C.1 — Total Charter School Debt by Issuer Guaranteed by Permanent School Fund (Estimated) as of 10/31/2025PDF page 87
  2. Table C.2 — Charter School Debt Outstanding Guaranteed by the Permanent School Fund as of 10/31/2025 (Estimated)PDF page 88
Appendix D
  1. Figure D.1 — Texas Local Government — Total Direct Bond Costs for Fiscal Year 2025PDF page 89
  2. Table D.1 — Texas Local Government — Cost of Issuance Statistics Summary for Fiscal Year 2025PDF page 90
Appendix E
  1. Table E.1 — Texas Local Government — Build America Bond Debt OutstandingPDF page 91
  2. Table E.2 — Texas Local Government — Top Five Issuers with Build America Bond Debt OutstandingPDF page 92
Appendix F
  1. Figure F.1 — Texas Local Government — Non-Conduit Commercial Paper OutstandingPDF page 93
  2. Table F.1 — Texas Local Government — Commercial Paper Outstanding by Fiscal YearPDF page 94
  3. Figure F.2 — Texas Local Government — Commercial Paper/Non-Public Debt — Authorized and Outstanding Balances as of 8/31/2025PDF page 95
  4. Table F.2 — Texas Big Six Cities — Commercial Paper OutstandingPDF page 96
  5. Figure F.3 — Texas Local Government — Conduit Commercial Paper OutstandingPDF page 97
  6. Table F.3 — Texas Local Government — Conduit Commercial Paper OutstandingPDF page 97
Appendix H
  1. Table H.1 — Texas Local Government — 2025 Issuers with GO Rating Upgrade Since Previous IssuancePDF page 104
  2. Table H.2 — Texas Local Government — GO Debt Rating Downgrades in Fiscal Year 2025PDF page 106

2025 annual report · Table 1.3

Table 1.3 — Texas Local Government — Debt Outstanding by Fiscal Year

As of .

Print or save as PDFPrinted PDF page 21

These figures are the bonds in BRB's open data. The printed report also counts commercial paper and other non-public debt that local governments report in BRB's survey (Appendix F, Table F.1: about $3.4 billion at August 31, 2025), which is not in the open data. Includes debt secured by a combination of ad valorem taxes and other revenue sources. Excludes conduit debt. FY 2025 debt outstanding amounts do not include cash defeasance data. These definitions are a draft for BRB review.

Download CSV — exact dollars

Texas Local Government — Debt Outstanding by Fiscal Year ($ millions)

Type of issuer / measure8/31/2021, $ millions8/31/2022, $ millions8/31/2023, $ millions8/31/2024, $ millions8/31/2025, $ millions
Public School Districts
Tax-Supported$96,691.8$103,974.1$119,963.3$130,064.9$148,237.1
Revenue$196.3$177.6$162.9$141.6$113.3
Total$96,888.1$104,151.6$120,126.2$130,206.5$148,350.4
Cities, Towns, Villages
Tax-Supported$37,025.3$39,719.6$43,254.2$47,265.0$51,439.0
Revenue$46,107.1$49,694.5$52,262.8$54,587.5$59,870.8
Total$83,132.4$89,414.1$95,517.1$101,852.6$111,309.8
Water Districts and Authorities
Tax-Supported$19,259.2$21,549.5$24,711.5$27,488.5$30,367.4
Revenue$18,413.8$19,542.1$20,709.7$22,735.8$24,680.2
Total$37,673.0$41,091.5$45,421.1$50,224.3$55,047.6
Other Special Districts and Authorities
Tax-Supported$157.5$156.6$161.6$180.3$185.2
Revenue$19,345.9$19,764.3$19,393.0$18,994.2$18,672.5
Total$19,503.4$19,920.9$19,554.6$19,174.4$18,857.8
Counties
Tax-Supported$12,595.9$13,199.9$13,866.7$15,490.6$16,612.5
Revenue$2,577.2$2,483.6$2,419.3$3,287.0$3,475.9
Total$15,173.1$15,683.4$16,286.0$18,777.6$20,088.4
Community and Junior College Districts
Tax-Supported$4,939.6$5,147.2$5,611.7$5,263.9$5,358.5
Revenue$1,078.6$1,056.6$981.2$908.8$1,064.7
Total$6,018.2$6,203.8$6,592.9$6,172.6$6,423.2
Health/Hospital Districts and Authorities
Tax-Supported$2,408.6$2,454.1$3,364.5$3,267.7$4,221.3
Revenue$1,098.6$1,076.1$1,120.9$1,206.2$1,201.8
Total$3,507.2$3,530.1$4,485.4$4,474.0$5,423.1
Total Tax-Supported$173,077.9$186,200.9$210,933.6$229,020.9$256,421.1
Total Revenue$88,817.5$93,794.7$97,049.8$101,861.1$109,079.2
Total Debt Outstanding$261,895.4$279,995.5$307,983.4$330,882.1$365,500.3

Source: Texas Bond Review Board - Bond Finance Office.

Debt Outstanding By Issuance Local By YearSource updated: 9/10/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

After commercial paper, some totals still differ from the printed report. Ties means the two figures agree within $100,000.

Computed, commercial paper and difference in dollars. Printed in $ millions. A printed $1.0 million is $1,000,000 in the computed column.
Fiscal year / measureComputed (exact dollars)Commercial paper (dollars)Printed ($ millions, as the report prints them)Difference (exact dollars)Result
2025 — Total Tax-Supported$256,421,089,739$582,900,000$257,022.7-$18,710,261Differs by $18.7 million after commercial paper
2025 — Total debt outstanding (Table 1.3)$365,500,296,028$3,367,000,000$368,885.9-$18,603,972Differs by $18.6 million after commercial paper
Full comparison and how it works
Computed, commercial paper and difference in dollars. Printed in $ millions. A printed $1.0 million is $1,000,000 in the computed column.
Fiscal year / measureComputed (exact dollars)Commercial paper (dollars)Printed ($ millions, as the report prints them)Difference (exact dollars)Result
2021 — Total Tax-Supported$173,077,903,433$1,376,300,000$174,454.2$3,433Ties after commercial paper
2021 — Total Revenue$88,817,468,155$1,254,800,000$90,072.3-$31,845Ties after commercial paper
2021 — Total debt outstanding (Table 1.3)$261,895,371,588$2,631,100,000$264,526.5-$28,412Ties after commercial paper
2022 — Total Tax-Supported$186,200,850,408$456,200,000$186,657.1-$49,592Ties after commercial paper
2022 — Total Revenue$93,794,654,838$1,423,500,000$95,218.1$54,838Ties after commercial paper
2022 — Total debt outstanding (Table 1.3)$279,995,505,246$1,879,600,000$281,875.1$5,246Ties after commercial paper
2023 — Total Tax-Supported$210,933,591,166$425,300,000$211,358.9-$8,834Ties after commercial paper
2023 — Total Revenue$97,049,776,410$1,302,800,000$98,352.6-$23,590Ties after commercial paper
2023 — Total debt outstanding (Table 1.3)$307,983,367,576$1,728,100,000$309,711.4$67,576Ties after commercial paper
2024 — Total Tax-Supported$229,020,935,622$135,700,000$229,156.6$35,622Ties after commercial paper
2024 — Total Revenue$101,861,135,031$2,242,600,000$104,103.7$35,031Ties after commercial paper
2024 — Total debt outstanding (Table 1.3)$330,882,070,653$2,378,300,000$333,260.4-$29,347Ties after commercial paper
2025 — Total Tax-Supported$256,421,089,739$582,900,000$257,022.7-$18,710,261Differs by $18.7 million after commercial paper
2025 — Total Revenue$109,079,206,289$2,784,100,000$111,863.3$6,289Ties after commercial paper
2025 — Total debt outstanding (Table 1.3)$365,500,296,028$3,367,000,000$368,885.9-$18,603,972Differs by $18.6 million after commercial paper

Every difference is computed plus commercial paper minus printed. After commercial paper, the computed amount includes the survey amount shown below. Ties means the two figures agree within $100,000.

2021 — Commercial paper and non-public debt (tax-supported), Appendix F, Table F.1: $1,376.3 million. Difference before commercial paper (computed minus printed): -$1,376,296,567. Difference after commercial paper (computed plus commercial paper minus printed): $3,433. Within the combined rounding allowance of $100,000.

2021 — Commercial paper and non-public debt (revenue and sales tax), Appendix F, Table F.1: $1,254.8 million. Difference before commercial paper (computed minus printed): -$1,254,831,845. Difference after commercial paper (computed plus commercial paper minus printed): -$31,845. Within the combined rounding allowance of $100,000.

2021 — Commercial paper and non-public debt, Appendix F, Table F.1: $2,631.1 million. Difference before commercial paper (computed minus printed): -$2,631,128,412. Difference after commercial paper (computed plus commercial paper minus printed): -$28,412. Within the combined rounding allowance of $100,000.

2022 — Commercial paper and non-public debt (tax-supported), Appendix F, Table F.1: $456.2 million. Difference before commercial paper (computed minus printed): -$456,249,592. Difference after commercial paper (computed plus commercial paper minus printed): -$49,592. Within the combined rounding allowance of $100,000.

2022 — Commercial paper and non-public debt (revenue and sales tax), Appendix F, Table F.1: $1,423.5 million. Difference before commercial paper (computed minus printed): -$1,423,445,162. Difference after commercial paper (computed plus commercial paper minus printed): $54,838. Within the combined rounding allowance of $100,000.

2022 — Commercial paper and non-public debt, Appendix F, Table F.1: $1,879.6 million. Difference before commercial paper (computed minus printed): -$1,879,594,754. Difference after commercial paper (computed plus commercial paper minus printed): $5,246. Within the combined rounding allowance of $100,000.

2023 — Commercial paper and non-public debt (tax-supported), Appendix F, Table F.1: $425.3 million. Difference before commercial paper (computed minus printed): -$425,308,834. Difference after commercial paper (computed plus commercial paper minus printed): -$8,834. Within the combined rounding allowance of $100,000.

2023 — Commercial paper and non-public debt (revenue and sales tax), Appendix F, Table F.1: $1,302.8 million. Difference before commercial paper (computed minus printed): -$1,302,823,590. Difference after commercial paper (computed plus commercial paper minus printed): -$23,590. Within the combined rounding allowance of $100,000.

2023 — Commercial paper and non-public debt, Appendix F, Table F.1: $1,728.1 million. Difference before commercial paper (computed minus printed): -$1,728,032,424. Difference after commercial paper (computed plus commercial paper minus printed): $67,576. Within the combined rounding allowance of $100,000.

2024 — Commercial paper and non-public debt (tax-supported), Appendix F, Table F.1: $135.7 million. Difference before commercial paper (computed minus printed): -$135,664,378. Difference after commercial paper (computed plus commercial paper minus printed): $35,622. Within the combined rounding allowance of $100,000.

2024 — Commercial paper and non-public debt (revenue and sales tax), Appendix F, Table F.1: $2,242.6 million. Difference before commercial paper (computed minus printed): -$2,242,564,969. Difference after commercial paper (computed plus commercial paper minus printed): $35,031. Within the combined rounding allowance of $100,000.

2024 — Commercial paper and non-public debt, Appendix F, Table F.1: $2,378.3 million. Difference before commercial paper (computed minus printed): -$2,378,329,347. Difference after commercial paper (computed plus commercial paper minus printed): -$29,347. Within the combined rounding allowance of $100,000.

2025 — Commercial paper and non-public debt (tax-supported), Appendix F, Table F.1: $582.9 million. Difference before commercial paper (computed minus printed): -$601,610,261. Difference after commercial paper (computed plus commercial paper minus printed): -$18,710,261. Differs by $18.7 million after commercial paper.

2025 — Commercial paper and non-public debt (revenue and sales tax), Appendix F, Table F.1: $2,784.1 million. Difference before commercial paper (computed minus printed): -$2,784,093,711. Difference after commercial paper (computed plus commercial paper minus printed): $6,289. Within the combined rounding allowance of $100,000.

2025 — Commercial paper and non-public debt, Appendix F, Table F.1: $3,367.0 million. Difference before commercial paper (computed minus printed): -$3,385,603,972. Difference after commercial paper (computed plus commercial paper minus printed): -$18,603,972. Differs by $18.6 million after commercial paper.

2025 annual report · Figure 1.2

Figure 1.2 — Texas Local Government — Debt Outstanding by Fiscal Year

As of .

Print or save as PDFPrinted PDF page 22

These figures are the bonds in BRB's open data. The printed report also counts commercial paper and other non-public debt that local governments report in BRB's survey (Appendix F, Table F.1: about $3.4 billion at August 31, 2025), which is not in the open data. Includes debt secured by a combination of ad valorem taxes and other revenue sources. Excludes conduit debt. FY 2025 debt outstanding amounts do not include cash defeasance data. The comparison uses companion Table 1.3 for FY2021–2025. These definitions are a draft for BRB review.

Texas Local Government — Debt Outstanding by Fiscal Year$ billions01002003004002016: Public School Districts — $74,898,439,9962016: Cities, Towns, Villages — $69,359,731,6562016: Water Districts and Authorities — $24,951,961,5262016: Other Special Districts and Authorities — $17,484,749,7402016: Counties — $13,486,865,2602016: Community and Junior College Districts — $4,782,629,4022016: Health/Hospital Districts and Authorities — $3,517,767,797$208.48 billion20162017: Public School Districts — $79,759,038,8342017: Cities, Towns, Villages — $71,211,808,2332017: Water Districts and Authorities — $26,676,774,8852017: Other Special Districts and Authorities — $17,702,846,8412017: Counties — $13,750,587,4602017: Community and Junior College Districts — $4,870,465,5972017: Health/Hospital Districts and Authorities — $3,370,597,698$217.34 billion20172018: Public School Districts — $84,083,684,9712018: Cities, Towns, Villages — $74,502,615,3772018: Water Districts and Authorities — $29,432,457,3742018: Other Special Districts and Authorities — $17,868,961,6212018: Counties — $13,947,660,2012018: Community and Junior College Districts — $5,260,949,7152018: Health/Hospital Districts and Authorities — $3,693,021,307$228.79 billion20182019: Public School Districts — $87,824,350,5192019: Cities, Towns, Villages — $76,846,862,4052019: Water Districts and Authorities — $32,338,863,1832019: Other Special Districts and Authorities — $18,503,529,7882019: Counties — $14,505,829,5642019: Community and Junior College Districts — $5,248,409,9802019: Health/Hospital Districts and Authorities — $3,552,860,502$238.82 billion20192020: Public School Districts — $92,782,534,5572020: Cities, Towns, Villages — $78,495,722,8572020: Water Districts and Authorities — $35,009,346,6402020: Other Special Districts and Authorities — $18,263,254,5422020: Counties — $14,819,000,5872020: Community and Junior College Districts — $5,687,029,3142020: Health/Hospital Districts and Authorities — $3,639,546,243$248.70 billion20202021: Public School Districts — $96,888,094,1492021: Cities, Towns, Villages — $83,132,402,0332021: Water Districts and Authorities — $37,672,957,7122021: Other Special Districts and Authorities — $19,503,391,3162021: Counties — $15,173,132,2132021: Community and Junior College Districts — $6,018,199,4762021: Health/Hospital Districts and Authorities — $3,507,194,689$261.90 billion20212022: Public School Districts — $104,151,646,3392022: Cities, Towns, Villages — $89,414,106,1762022: Water Districts and Authorities — $41,091,514,6932022: Other Special Districts and Authorities — $19,920,926,4192022: Counties — $15,683,440,1742022: Community and Junior College Districts — $6,203,760,5372022: Health/Hospital Districts and Authorities — $3,530,110,908$280.00 billion20222023: Public School Districts — $120,126,220,4832023: Cities, Towns, Villages — $95,517,065,5192023: Water Districts and Authorities — $45,421,149,7512023: Other Special Districts and Authorities — $19,554,621,0032023: Counties — $16,285,985,6952023: Community and Junior College Districts — $6,592,935,5602023: Health/Hospital Districts and Authorities — $4,485,389,565$307.98 billion20232024: Public School Districts — $130,206,542,6352024: Cities, Towns, Villages — $101,852,563,0602024: Water Districts and Authorities — $50,224,310,6872024: Other Special Districts and Authorities — $19,174,430,4012024: Counties — $18,777,620,0272024: Community and Junior College Districts — $6,172,642,4632024: Health/Hospital Districts and Authorities — $4,473,961,380$330.88 billion20242025: Public School Districts — $148,350,391,3642025: Cities, Towns, Villages — $111,309,800,4822025: Water Districts and Authorities — $55,047,643,9242025: Other Special Districts and Authorities — $18,857,783,0932025: Counties — $20,088,366,7892025: Community and Junior College Districts — $6,423,187,1212025: Health/Hospital Districts and Authorities — $5,423,123,255$365.50 billion2025Texas Local Government — Debt Outstanding by Fiscal Year$ billions02004002016$208.48 billion2016: Public School Districts — $74,898,439,9962016: Cities, Towns, Villages — $69,359,731,6562016: Water Districts and Authorities — $24,951,961,5262016: Other Special Districts and Authorities — $17,484,749,7402016: Counties — $13,486,865,2602016: Community and Junior College Districts — $4,782,629,4022016: Health/Hospital Districts and Authorities — $3,517,767,7972017$217.34 billion2017: Public School Districts — $79,759,038,8342017: Cities, Towns, Villages — $71,211,808,2332017: Water Districts and Authorities — $26,676,774,8852017: Other Special Districts and Authorities — $17,702,846,8412017: Counties — $13,750,587,4602017: Community and Junior College Districts — $4,870,465,5972017: Health/Hospital Districts and Authorities — $3,370,597,6982018$228.79 billion2018: Public School Districts — $84,083,684,9712018: Cities, Towns, Villages — $74,502,615,3772018: Water Districts and Authorities — $29,432,457,3742018: Other Special Districts and Authorities — $17,868,961,6212018: Counties — $13,947,660,2012018: Community and Junior College Districts — $5,260,949,7152018: Health/Hospital Districts and Authorities — $3,693,021,3072019$238.82 billion2019: Public School Districts — $87,824,350,5192019: Cities, Towns, Villages — $76,846,862,4052019: Water Districts and Authorities — $32,338,863,1832019: Other Special Districts and Authorities — $18,503,529,7882019: Counties — $14,505,829,5642019: Community and Junior College Districts — $5,248,409,9802019: Health/Hospital Districts and Authorities — $3,552,860,5022020$248.70 billion2020: Public School Districts — $92,782,534,5572020: Cities, Towns, Villages — $78,495,722,8572020: Water Districts and Authorities — $35,009,346,6402020: Other Special Districts and Authorities — $18,263,254,5422020: Counties — $14,819,000,5872020: Community and Junior College Districts — $5,687,029,3142020: Health/Hospital Districts and Authorities — $3,639,546,2432021$261.90 billion2021: Public School Districts — $96,888,094,1492021: Cities, Towns, Villages — $83,132,402,0332021: Water Districts and Authorities — $37,672,957,7122021: Other Special Districts and Authorities — $19,503,391,3162021: Counties — $15,173,132,2132021: Community and Junior College Districts — $6,018,199,4762021: Health/Hospital Districts and Authorities — $3,507,194,6892022$280.00 billion2022: Public School Districts — $104,151,646,3392022: Cities, Towns, Villages — $89,414,106,1762022: Water Districts and Authorities — $41,091,514,6932022: Other Special Districts and Authorities — $19,920,926,4192022: Counties — $15,683,440,1742022: Community and Junior College Districts — $6,203,760,5372022: Health/Hospital Districts and Authorities — $3,530,110,9082023$307.98 billion2023: Public School Districts — $120,126,220,4832023: Cities, Towns, Villages — $95,517,065,5192023: Water Districts and Authorities — $45,421,149,7512023: Other Special Districts and Authorities — $19,554,621,0032023: Counties — $16,285,985,6952023: Community and Junior College Districts — $6,592,935,5602023: Health/Hospital Districts and Authorities — $4,485,389,5652024$330.88 billion2024: Public School Districts — $130,206,542,6352024: Cities, Towns, Villages — $101,852,563,0602024: Water Districts and Authorities — $50,224,310,6872024: Other Special Districts and Authorities — $19,174,430,4012024: Counties — $18,777,620,0272024: Community and Junior College Districts — $6,172,642,4632024: Health/Hospital Districts and Authorities — $4,473,961,3802025$365.50 billion2025: Public School Districts — $148,350,391,3642025: Cities, Towns, Villages — $111,309,800,4822025: Water Districts and Authorities — $55,047,643,9242025: Other Special Districts and Authorities — $18,857,783,0932025: Counties — $20,088,366,7892025: Community and Junior College Districts — $6,423,187,1212025: Health/Hospital Districts and Authorities — $5,423,123,255
Fiscal years 2016–2025. Fiscal year 2025, debt outstanding: about $365.5 billion. Values and categories are in the table below.
  • Public School Districts
  • Cities, Towns, Villages
  • Water Districts and Authorities
  • Other Special Districts and Authorities
  • Counties
  • Community and Junior College Districts
  • Health/Hospital Districts and Authorities

Download CSV — exact dollars

Texas Local Government — Debt Outstanding by Fiscal Year ($ billions)

Fiscal yearPublic School DistrictsCities, Towns, VillagesWater Districts and AuthoritiesOther Special Districts and AuthoritiesCountiesCommunity and Junior College DistrictsHealth/Hospital Districts and Authorities
2016$74.90$69.36$24.95$17.48$13.49$4.78$3.52
2017$79.76$71.21$26.68$17.70$13.75$4.87$3.37
2018$84.08$74.50$29.43$17.87$13.95$5.26$3.69
2019$87.82$76.85$32.34$18.50$14.51$5.25$3.55
2020$92.78$78.50$35.01$18.26$14.82$5.69$3.64
2021$96.89$83.13$37.67$19.50$15.17$6.02$3.51
2022$104.15$89.41$41.09$19.92$15.68$6.20$3.53
2023$120.13$95.52$45.42$19.55$16.29$6.59$4.49
2024$130.21$101.85$50.22$19.17$18.78$6.17$4.47
2025$148.35$111.31$55.05$18.86$20.09$6.42$5.42

Source: Texas Bond Review Board - Bond Finance Office.

Debt Outstanding By Issuance Local By YearSource updated: 9/10/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

After commercial paper, some totals still differ from the printed report. Ties means the two figures agree within $100,000.

Computed totals compared with the printed report, in $ millions as the report prints them; the figure and its table above are in $ billions ($1,000 million is $1 billion). Exact dollars are in the CSV and comparison details.
Fiscal year / measureComputed ($ millions)Commercial paper ($ millions)Printed ($ millions)Difference ($ millions)Result
2025 — Total debt outstanding (Table 1.3)$365,500.3$3,367.0$368,885.9-$18.6Differs by $18.6 million after commercial paper
Full comparison and how it works
Computed totals compared with the printed report, in $ millions as the report prints them; the figure and its table above are in $ billions ($1,000 million is $1 billion). Exact dollars are in the CSV and comparison details.
Fiscal year / measureComputed ($ millions)Commercial paper ($ millions)Printed ($ millions)Difference ($ millions)Result
2021 — Total debt outstanding (Table 1.3)$261,895.4$2,631.1$264,526.5$0.0Ties after commercial paper
2022 — Total debt outstanding (Table 1.3)$279,995.5$1,879.6$281,875.1$0.0Ties after commercial paper
2023 — Total debt outstanding (Table 1.3)$307,983.4$1,728.1$309,711.4$0.1Ties after commercial paper
2024 — Total debt outstanding (Table 1.3)$330,882.1$2,378.3$333,260.4$0.0Ties after commercial paper
2025 — Total debt outstanding (Table 1.3)$365,500.3$3,367.0$368,885.9-$18.6Differs by $18.6 million after commercial paper

Every difference is computed plus commercial paper minus printed. After commercial paper, the computed amount includes the survey amount shown below. Ties means the two figures agree within $100,000.

2021 — Commercial paper and non-public debt, Appendix F, Table F.1: $2,631.1 million. Difference before commercial paper (computed minus printed): -$2,631,128,412. Difference after commercial paper (computed plus commercial paper minus printed): -$28,412. Within the combined rounding allowance of $100,000.

2022 — Commercial paper and non-public debt, Appendix F, Table F.1: $1,879.6 million. Difference before commercial paper (computed minus printed): -$1,879,594,754. Difference after commercial paper (computed plus commercial paper minus printed): $5,246. Within the combined rounding allowance of $100,000.

2023 — Commercial paper and non-public debt, Appendix F, Table F.1: $1,728.1 million. Difference before commercial paper (computed minus printed): -$1,728,032,424. Difference after commercial paper (computed plus commercial paper minus printed): $67,576. Within the combined rounding allowance of $100,000.

2024 — Commercial paper and non-public debt, Appendix F, Table F.1: $2,378.3 million. Difference before commercial paper (computed minus printed): -$2,378,329,347. Difference after commercial paper (computed plus commercial paper minus printed): -$29,347. Within the combined rounding allowance of $100,000.

2025 — Commercial paper and non-public debt, Appendix F, Table F.1: $3,367.0 million. Difference before commercial paper (computed minus printed): -$3,385,603,972. Difference after commercial paper (computed plus commercial paper minus printed): -$18,603,972. Differs by $18.6 million after commercial paper.

2025 annual report · Table 1.5

Table 1.5 — Texas Local Government — Debt Issuance by Fiscal Year

For fiscal years 2021–2025.

Print or save as PDFPrinted PDF page 25

Excludes commercial paper and conduit issuances. These definitions are a draft for BRB review.

Download CSV — exact dollars

Texas Local Government — Debt Issuance by Fiscal Year ($ millions; counts)

Type of issuer / measureFY 2021FY 2022FY 2023FY 2024FY 2025
Total issuers1,2661,0369399131,098
Total issuances1,9651,5801,3591,2551,612
Public School Districts
New Money$8,987.6$12,259.5$21,720.1$15,563.7$24,241.5
Refunding$8,817.9$3,513.7$1,163.4$1,980.9$5,932.4
Total Par Issued$17,805.5$15,773.1$22,883.5$17,544.6$30,173.9
Cities, Towns, Villages
New Money$7,485.7$9,117.3$9,956.6$8,997.4$12,890.3
Refunding$6,192.3$5,931.4$3,130.4$5,136.9$4,360.5
Total Par Issued$13,678.1$15,048.7$13,086.9$14,134.3$17,250.8
Water Districts and Authorities
New Money$3,595.0$5,178.0$5,804.5$6,282.5$6,366.4
Refunding$2,962.3$1,131.3$658.1$697.3$1,262.9
Total Par Issued$6,557.3$6,309.3$6,462.6$6,979.8$7,629.2
Other Special Districts and Authorities
New Money$1,054.7$743.5$70.2$236.3$315.2
Refunding$3,954.7$1,382.4$689.2$610.5$1,557.5
Total Par Issued$5,009.3$2,125.9$759.4$846.8$1,872.7
Counties
New Money$1,338.1$1,173.0$1,464.3$3,220.0$2,313.1
Refunding$829.5$1,639.6$359.8$521.0$658.8
Total Par Issued$2,167.6$2,812.7$1,824.1$3,741.0$2,971.9
Community and Junior College Districts
New Money$729.2$548.7$821.2$21.9$700.1
Refunding$798.5$111.3$53.8$32.2$151.9
Total Par Issued$1,527.7$659.9$875.0$54.1$851.9
Health/Hospital Districts and Authorities
New Money$79.1$120.0$1,131.5$169.4$1,127.8
Refunding$78.3$246.9$0.0$220.9$54.8
Total Par Issued$157.4$366.9$1,131.5$390.3$1,182.6
Total New Money$23,269.3$29,140.0$40,968.4$34,491.2$47,954.4
Total Refunding$23,633.4$13,956.5$6,054.6$9,199.7$13,978.7
Total Par$46,902.7$43,096.6$47,022.9$43,690.9$61,933.1

Source: Texas Bond Review Board - Bond Finance Office.

Local Issuance Fee By YearSource updated: 10/6/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

25 of 25 checks tie at the report's rounding.

Full comparison and how it works
Counts and dollars as computed; the printed table is in counts and $ millions.
Fiscal year / measureComputedPrintedDifferenceResult
2021 — Issuers1,2661,2660Ties
2021 — Issuances1,9651,9650Ties
2021 — Total New Money$23,269,288,640.91$23,269.3-$11,359.09Ties
2021 — Total Refunding$23,633,429,690.54$23,633.4$29,690.54Ties
2021 — Total Par$46,902,718,331.45$46,902.7$18,331.45Ties
2022 — Issuers1,0361,0360Ties
2022 — Issuances1,5801,5800Ties
2022 — Total New Money$29,140,039,374.33$29,140.0$39,374.33Ties
2022 — Total Refunding$13,956,544,168.99$13,956.5$44,168.99Ties
2022 — Total Par$43,096,583,543.32$43,096.6-$16,456.68Ties
2023 — Issuers9399390Ties
2023 — Issuances1,3591,3590Ties
2023 — Total New Money$40,968,375,205.97$40,968.4-$24,794.03Ties
2023 — Total Refunding$6,054,567,363.73$6,054.6-$32,636.27Ties
2023 — Total Par$47,022,942,569.70$47,022.9$42,569.70Ties
2024 — Issuers9139130Ties
2024 — Issuances1,2551,2550Ties
2024 — Total New Money$34,491,222,663.96$34,491.2$22,663.96Ties
2024 — Total Refunding$9,199,651,764.16$9,199.7-$48,235.84Ties
2024 — Total Par$43,690,874,428.12$43,690.9-$25,571.88Ties
2025 — Issuers1,0981,0980Ties
2025 — Issuances1,6121,6120Ties
2025 — Total New Money$47,954,407,659.21$47,954.4$7,659.21Ties
2025 — Total Refunding$13,978,680,672.44$13,978.7-$19,327.56Ties
2025 — Total Par$61,933,088,331.65$61,933.1-$11,668.35Ties

Every difference is computed minus printed. The comparison uses the printed report’s stated precision.

2025 annual report · Table 2.2

Table 2.2 — Texas Local Government — Tax-Supported Debt Issuance by Fiscal Year

For fiscal years 2021–2025.

Print or save as PDFPrinted PDF page 32

Excludes commercial paper and conduit debt. These definitions are a draft for BRB review.

Download CSV — exact dollars

Texas Local Government — Tax-Supported Debt Issuance by Fiscal Year ($ millions; counts)

Type of issuer / measureFY 2021FY 2022FY 2023FY 2024FY 2025
Total issuers1,1739438708221,006
Total issuances1,6671,3211,1571,0571,357
Public School Districts
New Money$8,976.4$12,259.5$21,720.1$15,563.7$24,241.5
Refunding$8,817.9$3,513.7$1,163.4$1,980.9$5,932.4
Total Par Issued$17,794.2$15,773.1$22,883.5$17,544.6$30,173.9
Cities, Towns, Villages
New Money$4,956.5$5,367.2$6,414.9$6,235.3$7,464.1
Refunding$2,242.2$1,353.2$622.3$1,676.1$1,065.7
Total Par Issued$7,198.8$6,720.4$7,037.2$7,911.4$8,529.8
Water Districts and Authorities
New Money$2,207.7$3,153.7$3,706.4$3,819.3$3,983.2
Refunding$1,622.0$340.4$443.5$10.9$170.3
Total Par Issued$3,829.7$3,494.0$4,149.9$3,830.2$4,153.6
Other Special Districts and Authorities
New Money$21.8$16.7$12.8$37.2$15.2
Refunding$5.1$0.0$0.0$0.0$0.0
Total Par Issued$26.9$16.7$12.8$37.2$15.2
Counties
New Money$903.8$1,167.0$1,419.8$2,434.4$2,021.2
Refunding$795.5$1,250.6$240.3$349.1$658.8
Total Par Issued$1,699.4$2,417.5$1,660.1$2,783.5$2,680.0
Community and Junior College Districts
New Money$648.9$503.0$821.2$17.9$469.4
Refunding$644.8$92.9$53.8$14.9$147.6
Total Par Issued$1,293.7$595.9$875.0$32.8$617.0
Health/Hospital Districts and Authorities
New Money$38.2$76.4$1,018.5$26.6$1,076.3
Refunding$56.1$120.2$0.0$187.1$0.0
Total Par Issued$94.3$196.6$1,018.5$213.7$1,076.3
Total New Money$17,753.4$22,543.4$35,113.7$28,134.4$39,271.0
Total Refunding$14,183.6$6,670.9$2,523.3$4,219.1$7,974.7
Total Par$31,937.0$29,214.3$37,636.9$32,353.5$47,245.7

Source: Texas Bond Review Board - Bond Finance Office.

Local Issuance Fee By YearSource updated: 10/6/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

25 of 25 checks tie at the report's rounding.

Full comparison and how it works
Counts and dollars as computed; the printed table is in counts and $ millions.
Fiscal year / measureComputedPrintedDifferenceResult
2021 — Issuers1,1731,1730Ties
2021 — Issuances1,6671,6670Ties
2021 — Total New Money$17,753,394,702.51$17,753.4-$5,297.49Ties
2021 — Total Refunding$14,183,604,405.54$14,183.6$4,405.54Ties
2021 — Total Par$31,936,999,108.05$31,937.0-$891.95Ties
2022 — Issuers9439430Ties
2022 — Issuances1,3211,3210Ties
2022 — Total New Money$22,543,438,656$22,543.4$38,656Ties
2022 — Total Refunding$6,670,887,774.62$6,670.9-$12,225.38Ties
2022 — Total Par$29,214,326,430.62$29,214.3$26,430.62Ties
2023 — Issuers8708700Ties
2023 — Issuances1,1571,1570Ties
2023 — Total New Money$35,113,680,522.97$35,113.7-$19,477.03Ties
2023 — Total Refunding$2,523,261,363.73$2,523.3-$38,636.27Ties
2023 — Total Par$37,636,941,886.70$37,636.9$41,886.70Ties
2024 — Issuers8228220Ties
2024 — Issuances1,0571,0570Ties
2024 — Total New Money$28,134,422,260$28,134.4$22,260Ties
2024 — Total Refunding$4,219,060,000$4,219.1-$40,000Ties
2024 — Total Par$32,353,482,260$32,353.5-$17,740Ties
2025 — Issuers1,0061,0060Ties
2025 — Issuances1,3571,3570Ties
2025 — Total New Money$39,271,000,987.39$39,271.0$987.39Ties
2025 — Total Refunding$7,974,736,344.26$7,974.7$36,344.26Ties
2025 — Total Par$47,245,737,331.65$47,245.7$37,331.65Ties

Every difference is computed minus printed. The comparison uses the printed report’s stated precision.

2025 annual report · Table 3.2

Table 3.2 — Texas Local Government — Revenue Debt Issuance by Fiscal Year

For fiscal years 2021–2025.

Print or save as PDFPrinted PDF page 38

Excludes commercial paper and conduit debt. These definitions are a draft for BRB review.

Download CSV — exact dollars

Texas Local Government — Revenue Debt Issuance by Fiscal Year ($ millions; counts)

Type of issuer / measureFY 2021FY 2022FY 2023FY 2024FY 2025
Total issuers162140120131151
Total issuances298259202198255
Public School Districts
New Money$11.2$0.0$0.0$0.0$0.0
Refunding$0.0$0.0$0.0$0.0$0.0
Total Par Issued$11.2$0.0$0.0$0.0$0.0
Cities, Towns, Villages
New Money$2,529.2$3,750.1$3,541.6$2,762.1$5,426.2
Refunding$3,950.1$4,578.2$2,508.0$3,460.8$3,294.8
Total Par Issued$6,479.3$8,328.3$6,049.7$6,222.9$8,721.0
Water Districts and Authorities
New Money$1,387.2$2,024.4$2,098.1$2,463.2$2,383.1
Refunding$1,340.3$790.9$214.6$686.4$1,092.5
Total Par Issued$2,727.5$2,815.3$2,312.7$3,149.5$3,475.7
Other Special Districts and Authorities
New Money$1,032.9$726.8$57.5$199.1$300.0
Refunding$3,949.5$1,382.4$689.2$610.5$1,557.5
Total Par Issued$4,982.4$2,109.2$746.6$809.6$1,857.5
Counties
New Money$434.3$6.1$44.5$785.6$291.9
Refunding$34.0$389.1$119.5$171.9$0.0
Total Par Issued$468.2$395.1$164.0$957.5$291.9
Community and Junior College Districts
New Money$80.3$45.7$0.0$4.0$230.7
Refunding$153.7$18.4$0.0$17.2$4.3
Total Par Issued$233.9$64.1$0.0$21.2$234.9
Health/Hospital Districts and Authorities
New Money$40.9$43.6$113.0$142.8$51.5
Refunding$22.2$126.7$0.0$33.8$54.8
Total Par Issued$63.1$170.3$113.0$176.6$106.3
Total New Money$5,515.9$6,596.6$5,854.7$6,356.8$8,683.4
Total Refunding$9,449.8$7,285.7$3,531.3$4,980.6$6,003.9
Total Par$14,965.7$13,882.3$9,386.0$11,337.4$14,687.4

Source: Texas Bond Review Board - Bond Finance Office.

Local Issuance Fee By YearSource updated: 10/6/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

25 of 25 checks tie at the report's rounding.

Full comparison and how it works
Counts and dollars as computed; the printed table is in counts and $ millions.
Fiscal year / measureComputedPrintedDifferenceResult
2021 — Issuers1621620Ties
2021 — Issuances2982980Ties
2021 — Total New Money$5,515,893,938.40$5,515.9-$6,061.60Ties
2021 — Total Refunding$9,449,825,285$9,449.8$25,285Ties
2021 — Total Par$14,965,719,223.40$14,965.7$19,223.40Ties
2022 — Issuers1401400Ties
2022 — Issuances2592590Ties
2022 — Total New Money$6,596,600,718.33$6,596.6$718.33Ties
2022 — Total Refunding$7,285,656,394.37$7,285.7-$43,605.63Ties
2022 — Total Par$13,882,257,112.70$13,882.3-$42,887.30Ties
2023 — Issuers1201200Ties
2023 — Issuances2022020Ties
2023 — Total New Money$5,854,694,683$5,854.7-$5,317Ties
2023 — Total Refunding$3,531,306,000$3,531.3$6,000Ties
2023 — Total Par$9,386,000,683$9,386.0$683Ties
2024 — Issuers1311310Ties
2024 — Issuances1981980Ties
2024 — Total New Money$6,356,800,403.96$6,356.8$403.96Ties
2024 — Total Refunding$4,980,591,764.16$4,980.6-$8,235.84Ties
2024 — Total Par$11,337,392,168.12$11,337.4-$7,831.88Ties
2025 — Issuers1511510Ties
2025 — Issuances2552550Ties
2025 — Total New Money$8,683,406,671.82$8,683.4$6,671.82Ties
2025 — Total Refunding$6,003,944,328.18$6,003.9$44,328.18Ties
2025 — Total Par$14,687,351,000$14,687.4-$49,000Ties

Every difference is computed minus printed. The comparison uses the printed report’s stated precision.

2025 annual report · Table 5.5

Table 5.5 — Texas Health/Hospital Districts and Authorities with Certificates of Obligation Outstanding as of 8/31/2025

As of .

Print or save as PDFPrinted PDF page 55

Certificates of obligation identified from the issue's name as BRB's open data records it. This name-based selection applies only to this health/hospital district exhibit. Includes debt secured by a combination of ad valorem taxes and other revenue sources. Excludes conduit debt. FY 2025 debt outstanding amounts do not include cash defeasance data. These definitions are a draft for BRB review.

Download CSV — exact dollars

Texas Health/Hospital Districts and Authorities with Certificates of Obligation Outstanding as of 8/31/2025 ($ millions; percentages)

IssuerCertificates of obligationCertificates of obligation as % of tax-supported debt outstanding, %
Bexar County Hospital District (University Health System)$831.466.6%
Travis County Healthcare District$156.499.2%
Harris County Hospital District$59.36.8%
Total$1,047.224.8%

Share of all Health/Hospital tax-supported debt, $4,221.3 million (Table 1.3).

Source: Texas Bond Review Board - Bond Finance Office.

Debt Outstanding By Issuance Local By YearSource updated: 9/10/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

These totals tie to the printed report at its stated rounding.

Full comparison and how it works
Computed and difference in dollars; %. Printed in $ millions; %.
Fiscal year / measureComputed (dollars; %)Printed ($ millions; %)Difference (dollars; %)Result
2025 — Certificates of obligation$1,047,160,000$1,047.2-$40,000Ties
2025 — Share of all Health/Hospital tax-supported debt24.8%24.8%0.0%Ties

Every difference is computed minus printed. The comparison uses the printed report’s stated precision.

2025 annual report · Figure 5.5

Figure 5.5 — Texas Health/Hospital Districts and Authorities — Total Tax-Supported Debt Outstanding

As of .

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Certificates of obligation identified from the issue's name as BRB's open data records it. This name-based selection applies only to this health/hospital district exhibit. Includes debt secured by a combination of ad valorem taxes and other revenues. Amounts may not sum due to rounding. Excludes conduit debt. FY 2025 debt outstanding amounts do not include cash defeasance data. These definitions are a draft for BRB review.

Texas Health/Hospital Districts and Authorities — Total Tax-Supported Debt Outstanding$ billions0123452016: Certificates of obligation — $897,215,0002016: Other general obligation debt — $1,501,748,987$2.40 billion20162017: Certificates of obligation — $652,265,0002017: Other general obligation debt — $1,650,253,342$2.30 billion20172018: Certificates of obligation — $895,735,0002018: Other general obligation debt — $1,621,433,970$2.52 billion20182019: Certificates of obligation — $642,735,0002019: Other general obligation debt — $1,785,042,890$2.43 billion20192020: Certificates of obligation — $628,115,0002020: Other general obligation debt — $1,834,316,517$2.46 billion20202021: Certificates of obligation — $607,975,0002021: Other general obligation debt — $1,800,649,842$2.41 billion20212022: Certificates of obligation — $667,645,0002022: Other general obligation debt — $1,786,410,537$2.45 billion20222023: Certificates of obligation — $1,224,885,0002023: Other general obligation debt — $2,139,637,880$3.36 billion20232024: Certificates of obligation — $1,078,670,0002024: Other general obligation debt — $2,189,043,653$3.27 billion20242025: Certificates of obligation — $1,047,160,0002025: Other general obligation debt — $3,174,164,772$4.22 billion2025Texas Health/Hospital Districts and Authorities — Total Tax-Supported Debt Outstanding$ billions0123452016$2.40 billion2016: Certificates of obligation — $897,215,0002016: Other general obligation debt — $1,501,748,9872017$2.30 billion2017: Certificates of obligation — $652,265,0002017: Other general obligation debt — $1,650,253,3422018$2.52 billion2018: Certificates of obligation — $895,735,0002018: Other general obligation debt — $1,621,433,9702019$2.43 billion2019: Certificates of obligation — $642,735,0002019: Other general obligation debt — $1,785,042,8902020$2.46 billion2020: Certificates of obligation — $628,115,0002020: Other general obligation debt — $1,834,316,5172021$2.41 billion2021: Certificates of obligation — $607,975,0002021: Other general obligation debt — $1,800,649,8422022$2.45 billion2022: Certificates of obligation — $667,645,0002022: Other general obligation debt — $1,786,410,5372023$3.36 billion2023: Certificates of obligation — $1,224,885,0002023: Other general obligation debt — $2,139,637,8802024$3.27 billion2024: Certificates of obligation — $1,078,670,0002024: Other general obligation debt — $2,189,043,6532025$4.22 billion2025: Certificates of obligation — $1,047,160,0002025: Other general obligation debt — $3,174,164,772
Fiscal years 2016–2025. Fiscal year 2025, certificates of obligation: about $1.0 billion. Values and categories are in the table below.
  • Certificates of obligation
  • Other general obligation debt

Download CSV — exact dollars

Texas Health/Hospital Districts and Authorities — Total Tax-Supported Debt Outstanding ($ billions)

Fiscal yearCertificates of obligationOther general obligation debt
2016$0.90$1.50
2017$0.65$1.65
2018$0.90$1.62
2019$0.64$1.79
2020$0.63$1.83
2021$0.61$1.80
2022$0.67$1.79
2023$1.22$2.14
2024$1.08$2.19
2025$1.05$3.17

Source: Texas Bond Review Board - Bond Finance Office.

Debt Outstanding By Issuance Local By YearSource updated: 9/10/2026. Loaded 10/17/2026, 4:31 AM Central Time.

Data dictionary: local issues and their columns

Ties

These totals tie to the printed report at its stated rounding.

Full comparison and how it works
Computed totals compared with the printed report, in $ millions as the report prints them; the figure and its table above are in $ billions ($1,000 million is $1 billion). Exact dollars are in the CSV and comparison details.
Fiscal year / measureComputed ($ millions)Printed ($ millions)Difference ($ millions)Result
2016 — Certificates of obligation$897.2$900.0-$2.8Ties
2016 — Other general obligation debt$1,501.7$1,500.0$1.7Ties
2017 — Certificates of obligation$652.3$650.0$2.3Ties
2017 — Other general obligation debt$1,650.3$1,650.0$0.3Ties
2018 — Certificates of obligation$895.7$900.0-$4.3Ties
2018 — Other general obligation debt$1,621.4$1,620.0$1.4Ties
2019 — Certificates of obligation$642.7$640.0$2.7Ties
2019 — Other general obligation debt$1,785.0$1,790.0-$5.0Ties
2020 — Certificates of obligation$628.1$630.0-$1.9Ties
2020 — Other general obligation debt$1,834.3$1,830.0$4.3Ties
2021 — Certificates of obligation$608.0$610.0-$2.0Ties
2021 — Other general obligation debt$1,800.6$1,800.0$0.6Ties
2022 — Certificates of obligation$667.6$670.0-$2.4Ties
2022 — Other general obligation debt$1,786.4$1,790.0-$3.6Ties
2023 — Certificates of obligation$1,224.9$1,220.0$4.9Ties
2023 — Other general obligation debt$2,139.6$2,140.0-$0.4Ties
2024 — Certificates of obligation$1,078.7$1,080.0-$1.3Ties
2024 — Other general obligation debt$2,189.0$2,190.0-$1.0Ties
2025 — Certificates of obligation$1,047.2$1,050.0-$2.8Ties
2025 — Other general obligation debt$3,174.2$3,170.0$4.2Ties

Every difference is computed minus printed. The comparison uses the printed report’s stated precision.