There’s an emerging local government debt crisis in Texas.
For more than a decade now, Texas’ local governments, consisting of cities, counties, school districts and special districts, have gone deep into debt to do everything from build new schools to purchase the latest technology for the classroom to buy new police cars. The rush to finance all of this on the taxpayer credit card has created a mountain of debt for current and future taxpayers.
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Rollins is president and CEO of the Texas Public Policy Foundationtexaspolicy.com