Although there have been many strides taken at the state level to reduce the property tax burden, local governments’ incessant and reckless spending continues to drive up the bill. Key points: In May 2026, Texas voters considered 439 bonds. Of those, 233 were approved. The passage rate for bond propositions for the May 2026 cycle...
In their apartments and homes, the Soviet citizens of Leningrad huddled in fear, wincing at every slam of the door, every step on stairs, every spoken word outside. Stalin’s Great Terror was upon them, and the relentless machine of his NKVD churned on, arresting and grinding up dissidents, disfavored minorities, and people that were just...
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...