July 28, 2023
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Annual Debt Reports
Transparency bill requiring certain special purpose districts to annually provide records and other information concerning district finances and tax rates to the Comptroller of Public Accounts (SENATE BILL 625 (SB 625).
To increase the transparency of local government debt. Under LOCAL GOVERNMENT CODE § 140.008, political subdivisions and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year.
(Starting on September 1, 2019, SPECIAL PURPOSE DISTRICTS that annually submit their Special Purpose District Financial and Tax Report to the Comptroller no longer have to submit the LOCAL GOVERNMENT DEBT REPORT.)