Outstanding Debt Obligations Increase Slightly in 2013

DES MOINES, IA (02/10/2014)(readMedia)-- State Treasurer Michael L. Fitzgerald reports outstanding debt obligations for state and local governments in Iowa totaled $14.8 billion as of June 30, 2013. This represents an increase of 2.9% from last year," Fitzgerald noted. Cities, school districts and the Board of Regents showed the largest increases in long-term liabilities while state agencies and authorities reported decreases. All political subdivisions, instrumentalities and agencies of the state are required to disclose this information annually to the state treasurer.

Treasurer Fitzgerald also unveiled an interactive graph that gives Iowans a new way to view public debt in Iowa. "We wanted to provide a new, dynamic way to view this information," said Fitzgerald. "The interactive graph allows people to view outstanding debt in their communities in more detail." The interactive graph and the entire Outstanding Obligations Report can be viewed on the treasurer's website at iowatreasurer.gov.