While the positives outnumber the negatives in the state’s new budget, Texas will be well served if its state leaders remain focused on fiscal restraint. The national recession has been punishing to states that lost their budget discipline and abandoned pro-growth tax policies, and Texas should not follow their example.
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...