Every two years, legislators must write a new state budget that best serves the people of Texas while also limiting the burden it places on them. In order to write such a budget, the Legislature has to maximize available tax dollars by balancing actual needs and available revenue. Remember, for every dollar the Legislature allocates to one area of the budget, it loses the ability to spend it in another.
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...