Texans don’t have to raise taxes to obtain better services, or eliminate services to reduce spending. In fact, by harnessing the reins of the private sector, Texans can cut both state and local taxes and have better services: better streets, better libraries, cleaner water, better airports, better police protection, a better environment, better schools.
Tracking Local Government Debt in Texas: 2016 – 2025
Local governments in Texas have accumulated excessive public debt. Strict reforms are necessary to restore fiscal discipline. Key points: In fiscal year 2025, local government borrowing reached nearly $561 billion in combined principal and interest, which is $17,706 in debt per capita. From 2016 to 2025, total local debt rose from $331.8 billion to $561...