2025 annual report · Table 1.5
Table 1.5 — Texas Local Government — Debt Issuance by Fiscal Year
As of .
Print or save as PDFPrinted PDF page 25
Excludes commercial paper and conduit issuances. BRB has not yet approved these report definitions.
Texas Local Government — Debt Issuance by Fiscal Year ($ millions; counts)
| Type of issuer / | 2021, counts; $ millions | 2022, counts; $ millions | 2023, counts; $ millions | 2024, counts; $ millions | 2025, counts; $ millions |
|---|---|---|---|---|---|
| Total issuers | 1,266 | 1,036 | 939 | 913 | 1,098 |
| Total issuances | 1,965 | 1,580 | 1,359 | 1,255 | 1,612 |
| Public School Districts | |||||
| Public School Districts — New Money | $8,987.6 | $12,259.5 | $21,720.1 | $15,563.7 | $24,241.5 |
| Public School Districts — Refunding | $8,817.9 | $3,513.7 | $1,163.4 | $1,980.9 | $5,932.4 |
| Public School Districts — Total Par Issued | $17,805.5 | $15,773.1 | $22,883.5 | $17,544.6 | $30,173.9 |
| Cities, Towns, Villages | |||||
| Cities, Towns, Villages — New Money | $7,485.7 | $9,117.3 | $9,956.6 | $8,997.4 | $12,890.3 |
| Cities, Towns, Villages — Refunding | $6,192.3 | $5,931.4 | $3,130.4 | $5,136.9 | $4,360.5 |
| Cities, Towns, Villages — Total Par Issued | $13,678.1 | $15,048.7 | $13,086.9 | $14,134.3 | $17,250.8 |
| Water Districts and Authorities | |||||
| Water Districts and Authorities — New Money | $3,595.0 | $5,178.0 | $5,804.5 | $6,282.5 | $6,366.4 |
| Water Districts and Authorities — Refunding | $2,962.3 | $1,131.3 | $658.1 | $697.3 | $1,262.9 |
| Water Districts and Authorities — Total Par Issued | $6,557.3 | $6,309.3 | $6,462.6 | $6,979.8 | $7,629.2 |
| Other Special Districts and Authorities | |||||
| Other Special Districts and Authorities — New Money | $1,054.7 | $743.5 | $70.2 | $236.3 | $315.2 |
| Other Special Districts and Authorities — Refunding | $3,954.7 | $1,382.4 | $689.2 | $610.5 | $1,557.5 |
| Other Special Districts and Authorities — Total Par Issued | $5,009.3 | $2,125.9 | $759.4 | $846.8 | $1,872.7 |
| Counties | |||||
| Counties — New Money | $1,338.1 | $1,173.0 | $1,464.3 | $3,220.0 | $2,313.1 |
| Counties — Refunding | $829.5 | $1,639.6 | $359.8 | $521.0 | $658.8 |
| Counties — Total Par Issued | $2,167.6 | $2,812.7 | $1,824.1 | $3,741.0 | $2,971.9 |
| Community and Junior College Districts | |||||
| Community and Junior College Districts — New Money | $729.2 | $548.7 | $821.2 | $21.9 | $700.1 |
| Community and Junior College Districts — Refunding | $798.5 | $111.3 | $53.8 | $32.2 | $151.9 |
| Community and Junior College Districts — Total Par Issued | $1,527.7 | $659.9 | $875.0 | $54.1 | $851.9 |
| Health/Hospital Districts and Authorities | |||||
| Health/Hospital Districts and Authorities — New Money | $79.1 | $120.0 | $1,131.5 | $169.4 | $1,127.8 |
| Health/Hospital Districts and Authorities — Refunding | $78.3 | $246.9 | $0.0 | $220.9 | $54.8 |
| Health/Hospital Districts and Authorities — 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 10/8/2026, 12:57 PM Central Time.
Data dictionary: local issues and their columns
Ties
These totals tie to the printed report at its stated rounding.
| Fiscal year / measure | Computed (counts; dollars) | Printed (counts; $ millions) | Difference (counts; dollars) | Result |
|---|---|---|---|---|
| 2021 — Issuers | 1,266 | 1,266 | 0 | Ties |
| 2021 — Issuances | 1,965 | 1,965 | 0 | Ties |
| 2021 — Total New Money | $23,269,288,640.91 | $23,269.3 | -$11,359.09 | Ties |
| 2021 — Total Refunding | $23,633,429,690.54 | $23,633.4 | $29,690.54 | Ties |
| 2021 — Total Par | $46,902,718,331.45 | $46,902.7 | $18,331.45 | Ties |
| 2022 — Issuers | 1,036 | 1,036 | 0 | Ties |
| 2022 — Issuances | 1,580 | 1,580 | 0 | Ties |
| 2022 — Total New Money | $29,140,039,374.33 | $29,140.0 | $39,374.33 | Ties |
| 2022 — Total Refunding | $13,956,544,168.99 | $13,956.5 | $44,168.99 | Ties |
| 2022 — Total Par | $43,096,583,543.32 | $43,096.6 | -$16,456.68 | Ties |
| 2023 — Issuers | 939 | 939 | 0 | Ties |
| 2023 — Issuances | 1,359 | 1,359 | 0 | Ties |
| 2023 — Total New Money | $40,968,375,205.97 | $40,968.4 | -$24,794.03 | Ties |
| 2023 — Total Refunding | $6,054,567,363.73 | $6,054.6 | -$32,636.27 | Ties |
| 2023 — Total Par | $47,022,942,569.70 | $47,022.9 | $42,569.70 | Ties |
| 2024 — Issuers | 913 | 913 | 0 | Ties |
| 2024 — Issuances | 1,255 | 1,255 | 0 | Ties |
| 2024 — Total New Money | $34,491,222,663.96 | $34,491.2 | $22,663.96 | Ties |
| 2024 — Total Refunding | $9,199,651,764.16 | $9,199.7 | -$48,235.84 | Ties |
| 2024 — Total Par | $43,690,874,428.12 | $43,690.9 | -$25,571.88 | Ties |
| 2025 — Issuers | 1,098 | 1,098 | 0 | Ties |
| 2025 — Issuances | 1,612 | 1,612 | 0 | Ties |
| 2025 — Total New Money | $47,954,407,659.21 | $47,954.4 | $7,659.21 | Ties |
| 2025 — Total Refunding | $13,978,680,672.44 | $13,978.7 | -$19,327.56 | Ties |
| 2025 — Total Par | $61,933,088,331.65 | $61,933.1 | -$11,668.35 | Ties |
How this comparison works
Every difference is computed minus printed. The comparison uses the printed report’s stated precision.