(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... Read this story
