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State of Texas

State Agencies & Commissions

Covering Texas state agencies, regulatory commissions, and governmental bodies shaping policy across the Lone Star State.

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Agencies

Austin ISD Will Borrow $140 Million to Make Payroll as Its Deficit Deepens to $86 Million and Two Campuses Trigger a State Takeover Review

Austin ISD plans to borrow $140 million this fall to cover paychecks until property tax money arrives, after its own budget office told trustees the district finished last school year $86 million in the red — $67 million worse than the deficit the board adopted — and with two campuses now failing long enough to put the district in line for state intervention.

By The Texas Dispatch · Sep 3 · 4 min read