Dedicating a portion of the sales tax–the state’s largest general tax–is not good fiscal policy. It would reduce the amount of funds subject to an already weak state expenditure limit in addition to other problems.
Toward a More Well-Informed Citizenry
The 86th Texas Legislature sought to enhance public debt transparency through the creation of Voter Information Documents (VID). However, this instrument is not accurately providing debt amounts and needs reform. Key points: Governments are manipulating the VID methodology to deny voters accurate tax impact estimates. Many VIDs are dissimilar, making comparative analysis challenging. There is...