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The Texas Tribune
The Texas Tribune
National
Brian Lopez

School districts face millions in extra costs as Texas program that backs bond debt hits its limit

PSF Texas Bonds IRS Lloyd Doggett United States
Students sit in Norman Gomez's third grade class at Linder Elementary School in Austin on Jan. 14, 2022. Students and staff wear masks to prevent the spread of COVID-19.
Students sit in Norman Gomez's third grade class at Linder Elementary School in Austin on Jan. 14, 2022. (Credit: Miranda Lipton for The Texas Tribune)

A state-backed program that for decades has helped school districts get the lowest interest rates possible on bonds and keep their credit scores high has reached its debt limit — and it could cost taxpayers millions of dollars.

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