As lawmakers consider ways to fund Texas government, some are advocating an expansion of state-run gambling to include video lottery terminals, or VLTs. With some projecting a $2 billion windfall, VLTs are an attractive source of income, but studies indicate the costs may outweigh the benefits. Two background papers are also available; one summarizes the economic impacts of gambling, the other provides the calculations used to identify the additional fiscal cost of VLTs.
Winners and Losers: ISD Bond Elections
On Saturday, local governments of all types (i.e. cities, counties, school districts, and special districts) asked Texas voters to decide on nearly 275 separate bond propositions worth $17.4 billion (principal only). Using the Texas Bond Review Board’s bond election database, the Municipal Advisory Council of Texas’ website, and social media, we’ve tracked the results for...