The bond is the largest of its kind in state history and is expected to cost as much as $8.8 billion when including interest.

The bond is the largest of its kind in state history and is expected to cost as much as $8.8 billion when including interest.
Local property taxpayers already owe more than $638 million in bond debt.
Liberty Hill, Manor, Marble Falls, and San Marcos all have a VATRE proposition on the ballot to increase school district funding.
The average homeowner can expect to pay roughly $160 more on their property tax bill.
The total cost of the $4.4 billion bond including interest is expected to be $8.8 billion after thirty years.
A slate of activist groups explained before the Senate Finance Committee how they would go about addressing Texas’ high property taxes.
Accrual accounting recognizes liabilities at the time they are incurred and could dramatically change municipal budgeting.
According to a former Houston City Controller, the bond will cost roughly $11 billion to pay back when interest is factored in, although the district has said the number is $8.8 billion.
The school district currently owes more than $1.8 billion in taxpayer-backed debt.
Austin taxpayers face increasing financial pressures from the school district, city, and county.