“Lawmakers are spending too much, using the Economic Stabilization Fund for new programs, and are not making provisions for a broad-based tax cut that will boost the Texas economy during increasing signs of a national slowdown,” said Arlene Wohlgemuth, ex
Tracking Local Government Debt in Texas: 2016 – 2025
Local governments in Texas have accumulated excessive public debt. Strict reforms are necessary to restore fiscal discipline. Key points: In fiscal year 2025, local government borrowing reached nearly $561 billion in combined principal and interest, which is $17,706 in debt per capita. From 2016 to 2025, total local debt rose from $331.8 billion to $561...