Local Debt
What to Know: Cities, counties, and school districts are planning to ask voters to approve billions more in new debt in May 2020. Some forthcoming propositions include: Friendswood ISDâs $128 million bond; the city of Amarilloâs $275 million bond; Comal ISDâs $398 million bond; and the city of Irvingâs $563 million bond.
The TPPF Take:Â More debt means higher taxesâsomething Texans can ill-afford at the moment.
âTexasâ local governments are addicted to debt. This culture of dependency is causing taxes to rise and family fortunes to dip,â says TPPFâs James Quintero. âThe status quo is unsustainable, especially in todayâs tumultuous times. State lawmakers must continue to rein in local governments next session.â