Texas’ government budget is up an excessive 11.8 percent above increases in compounded population growth plus inflation since the 2004-05 budget, and some legislators are frustrated with the budget process because the money saved by cutting spending in one area is often reallocated elsewhere resulting in no reduction in the overall budget. To resolve this problem while relieving taxpayers from the burden of paying higher taxes, we recommend creating the Sales Tax Reduction (STaR) Fund.
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...