Dallas Independent School District will ask struggling taxpayers to approve the largest bond in Texas history, and millions will not even be spent on education.
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A proposed $315 million bond would add to the district’s $1 billion debt load, raising the debt per student close to $30,000 and hiking tax bills—even though student enrollment growth is slowing.
A measure passes that would require local governments to provide more transparency about debt proposals and their tax impact—but only online.
Interest expense is a huge cost that won’t be included on the ballot, nor in town halls conducted by district staff that will be living off taxpayer provided pensions by the time voters realize what hit them.