A total of three North Texas school districts made the state Top 10 list of those with the most outstanding debt. For all but one, the amounts were more than $1 Billion.
The Texas House is debating legislation that would make up for a $4 billion deficit in the current budget. The measure makes about $800 million in cuts and assumes the use of about $3.2 billion from the Rainy Day Fund.
The state’s top three elected officials asked Texas agencies Tuesday to plan for additional cuts of 2.5 percent as lawmakers address a budget shortfall expected to exceed $20 billion.