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Place Limits Local Debt

This topic contains 1 reply, has 2 voices, and was last updated by  MC Lambeth 9 years, 5 months ago.

  • Place Limits Local Debt

    Started by Douglas Allan Barmore Jr

    The State does a good job or reining in debt, but allows the local municipalities to take on way too much debt.

    Please place limitations on local governments, so they cannot burden the people with debt, and place the prosperity of our State in danger.

    http://www.forbes.com/sites/realspin/2014/09/02/texas-local-debt-hits-328-billion-thats-12400-per-person/

    1
    Replies

    MC Lambeth, 9 years ago

    Thank you for writing, Mr. Barmore, that is indeed worrisome. Please see Working Texans, starting on page 4, for Greg Abbott’s recommendations on state and local debt: http://abbotttownhall.wpengine.netdna-cdn.com/wp-content/uploads/2014/05/GregAbbottsWorkingTexansPlan.pdf

    For instance, creating clear and concise transparency requirements for the disclosure of debt information to voters in state and local bond elections, and requiring all local taxing entities to post their financial statements and local government contracts online.

    M.C. Lambeth
    Policy, Texans for Greg Abbott

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