INTERIM. Local Debt. 3 Additions to Ballot from Conservatives.

Texas Public Policy Foundation wants to add these 3 additional items to the ballot for bond measures: 

• How citizens tax bills will be affected
• How much the bond will cost in full (principal and interest)
• How fiscally responsible the local government asking for more debt has been up to this point, i.e. local debt service outstanding per capita

What argumrnts are they using to support their position?

• Debt is bad
• Debt keeps growing for local governemtns in Texas
• At the end of 2015, Local government debt in Texas was an alltime high of  $338 billion
• Texas is #2 in the nation, behind New York and ahead of California, for per capita local indebtedness

Forbes Opinion by TPPF  | The Texas Borrowing Binge: What’s Another $30 Billion In Local Debt?