SB 449 would prohibit Texas' local governments from issuing capital appreciation bonds, an exotic type of municipal bond that defers payment of principal and interest for many years, sometimes decades, putting in jeopardy future taxpayers.
Governments Lobbying Government: City of Houston
Every year, local governments in Texas spend millions upon millions to influence state-level policymaking. These advocacy campaigns are funded with tax dollars and often employ external lobbyists (i.e. registered lobbyists), internal lobbyists (i.e. intergovernmental relations personnel), and pro-government associations (i.e. Texas Municipal League, Texas Association of Counties, Texas Association of School Boards, etc.). One local...