In recent years, tax and expenditure limits – legal limits on how fast government spending and taxes can grow each year based on some measure of economic activity – have received increasing attention at the state level as a result of the success of Colorado’s Taxpayers’ Bill of Rights. Not all tax and expenditure limitation measures are created equal: Texas’ is one of the least effective in the nation.
Here Come the May 2024 Bond Elections
On Saturday, voters around the state will say YEA or NAY to at least 270 separate bond propositions worth an estimated $17.4 billion in new debt (principal only). Any new debt endorsed by voters will, once issued, be added to the existing local debt service outstanding amount, estimated at $461.3 billion in FY 2023, as...