This report discusses fiscal 2015, the most recent year for which data is available, in which local debt outstanding, or the amount of unpaid principal on debt owed by Texas’ political subdivisions, grew to an estimated $212.4 billion, “an increase of $20.09 billion (10.4 percent) over the past several years” (Texas Bond Review Board, 2). To help rein in the growth of local government debt, state legislators should require political subdivisions to provide voters with more information at the ballot box for each new debt proposition.
Womb & Board
Rising housing costs are delaying marriage and childbearing by preventing young adults from forming independent households, thereby making housing affordability a central driver of declining family formation and demographic stability. Key points: Housing affordability directly shapes whether young adults can form independent households, influencing marriage, fertility, and long-term family stability. Rising housing costs and limited...