The 84th Legislature passed HB 1378 to increase local government debt transparency. Under Local Government Code 1408, certain political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year and do one of the following:
- Report it to the Comptroller of Public Accounts for posting or, alternatively,
- Post the information on their own websites.
The City of Breckenridge, Texas has elected to report it to the Comptroller of Public Accounts for posting. Visit the section of the Comptroller's website specifically created for local dept reporting.