State Treasurer of Iowa

Outstanding Debt Obligations Increase a Modest 1.7%

Outstanding debt obligations for state and local governments in Iowa totaled just over $15 billion as of June 30, 2014. Overall, this represents a 1.7% increase over last year. All political subdivisions, instrumentalities and agencies of the state are required to disclose outstanding long-term obligations, including bonds, notes, capital leases and loans, annually to the state treasurer. “While debt nearly doubled in the last decade, this is the lowest annual percentage increase reported since the turn of the century,” Fitzgerald explained.

Education-related debt comprises over 38% of the total debt, with public schools holding 23%, the Board of Regents 11% and community colleges 4%. Cities report 35% of all outstanding debt, with five cities (Des Moines, Cedar Rapids, Coralville, Sioux City and Davenport) holding over 30% of the $5.3 billion reported. Iowa counties report $859 million in debt with Polk County reporting nearly 30% of the total.
 
“While the overall debt increase in Iowa is moderate, we make this information available to all Iowans by county so they can see the total debt and changes over the years in their own communities,” Fitzgerald stated. Visit the state treasurer’s office at IowaTreasurer.gov for additional information by a specific reporting entity.
 
 
  FY14 FY13 $ Change % Change
Cities $5,346,432,770 $5,330,076,101 $16,356,669 0.31%
School Districts/AEAs $3,460,311,459 $3,189,443,820 $270,867,639 8.49%
State Authorities $2,101,706,162 $2,135,578,892 ($33,872,730) (1.59%)
Regents $1,734,858,084 $1,619,764,616 $115,093,468 7.11%
State Agencies $924,010,000 $1,044,324,000 ($120,314,000) (11.52%)
Counties $859,538,084 $897,236,364 ($37,698,142) (4.20%)
Community Colleges $625,012,930 $584,871,438 $40,141,492 6.86%
Others $47,903,097 $47,868,528 $34,569 0.07%
Total $15,099,772,724 $14,849,163,759 $250,608,965 1.69%

 

© 2018 State Treasurer of Iowa. All rights reserved.