Published 1 year ago

Texas program that backs school districts’ bond debt is about to reach its limit

Summary by Ground News

The Permanent School Fund is a state endowment of about $56 billion funded through investments and land holdings. It was created in 1854 to give Texas public schools another form of revenue other than tax dollars. Through its bond guarantee program, the PSF promises lenders who buy the bonds that the state will pay them back if the school district can't.

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Texas program that backs school districts’ bond debt is about to reach its limit

(Texas Tribune) — A state-backed program that for decades has helped school districts get the lowest interest rates possible on bonds is about to reach its limit — and if it does, districts might find themselves having to ask for more money from taxpayers. The Permanent School Fund is a state endowment of about $56 billion funded through investments and land holdings. It was created in 1854 to give Texas’ public schools another form of revenue o…

1 year ago·Austin, United States

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