Iowa State Treasurer Roby Smith reports the Iowa outstanding debt obligations for state and local governments totaled 20-point-9-billion dollars as of June 30th, 2023.
Overall, this represents a 3-point-93 percent increase over the past fiscal year, the state’s lowest annual increase over the last 5 years.
Outstanding obligations include bonds, notes, capital leases, anticipatory warrants and loans.
Cities issued the largest portion of debt at 7-point-8-billion dollars, with the 5 largest cities in the state making up over 71 percent of all city debt.
