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.
Local Government
May 2026 Bond Election Report
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...
November 3, 2026