Bexar County has the highest debt per capita among Texas counties, which could put it at risk of a credit downgrade if it doesn’t reduce its debt burden.
Looking to avoid a hit to Bexar County ’s bond credit rating, county leaders are considering holding off on new borrowing for the next four years, and possibly delaying construction of capital projects already on the books. County Manager David Smith is recommending against issuing new debt until October 2028. Bexar County is sitting on nearly $2.5 billion in outstanding debt and has the highest level of debt per capita among all Texas counties.
Sakai didn’t indicate whether he favors cutting projects, but said the court will define the county’s spending priorities in future work sessions. Moody suggested cutting $127 million worth of planned creeks and trails projects — an idea that rankled his colleagues since most of these outstanding projects aren’t in his North Side precinct.
Republican Fitch Ratings Moody's Investors Service San Antonio Express-News Justin Rodriguez David Smith Grant Moody Peter Sakai Tommy Calvert Rebeca Clay-Flores. Smith Poor Bexar County Texas North Side West Side
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