Texas spending and debt 101

December 05, 2012

Texans: we won’t know how to move forward unless we know where we are now.

AFP’s mission has been to educate the public on local debt and on how local governments actually have little accountability due in large part to their lack of transparency.  The Comptroller has issued a series of reports which provide citizens with information and policymakers with recommendations to remedy some of the problems.  We are pleased to recommend the Comptroller’s reports.  They are well-written, use charts and graphs to help provide some perspectives and are each relatively short.

TX Comptroller Susan Combs has issued four reports under her “Texas Transparency: Texas, It’s Your Money” website.  They are worth reading, studying and taking action on!  Follow Americans for Prosperity-Texas as we work to improve local government transparency and work for taxpayer protections that put local control back in the hands of local voters.  Please join us!

Taxing facts – Property taxes grow faster than population and inflation in Texas.

Read more here: http://www.texastransparency.org/yourmoney/pdf/TexasItsYourMoney-TaxingFacts.pdf

Local Debt –

While combined population and inflation grew 64.9% in 9 years, local debt grew at more than double that — $144.4%!

Read more here: http://www.texastransparency.org/yourmoney/pdf/TexasItsYourMoney-LocalDebt.pdf

Education Debt – While public school debt rose across the board from 2001 – 2011 in Texas, it rose most for districts with slower enrollment.

Read more here: http://www.texastransparency.org/yourmoney/pdf/TexasItsYourMoney-EducationDebt.pdf

and Public Pensions  – Houston’s three local pension plans have a combined unfunded liability of more than $2.4 billion!

Read more here: http://www.texastransparency.org/yourmoney/pdf/TexasItsYourMoney-Pensions.pdf

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