Iowa's debt obligations at nearly $21 billion


by The Center Square

The Center Square— (The Center Square) - Iowa State Treasurer Roby Smith said Monday Iowa's debt obligations rose 3.9.% from fiscal year 2022 to fiscal year 2023, the lowest increase in five years. Iowa's debt obligations are at $20.9 billion, with cities issuing the most debt at $7.8 billion, a 4.1% increase over the last fiscal year, according to a report. Debt obligations are "bonds, notes, capital leases, anticipatory warrants and loans," according to Smith. Five cities make up...

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