The Public Math

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Growing loan (CAB)

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A growing loan, or capital appreciation bond, pays nothing for years while the amount owed keeps growing.

In Leander. Leander had the most of these loans of any Texas school district every year from 2016 to 2025. In 2025 it still owed $536 million on them, counting interest; about $27 million of that is the original loan amount.1

Everyday comparison. It is like a credit card you don’t pay for years; the bill keeps climbing.

Related terms: interest, refinancing. Read more: growing loans.

Footnotes

  1. Texas Bond Review Board, local government debt data, fiscal 2016–2025 (data.texas.gov). Our ranking. ↩

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