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.
Economy
What the Private Sector can Teach the Public Sector about Efficiency
Recently, former President Trump floated the idea of creating “a government efficiency commission a federal commission to audit the entire federal government.” And even better, he suggested putting Elon Musk in charge of the commission, saying he is a great “cost-cutter.” Unleashing a commission of this nature on the federal government, led by a titan...
October 17, 2024