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During the May bond elections, nearly 80% of all proposed bonds were approved by voters, totaling over 33 billion dollars of new local debt. So how do all these new bonds keep managing to sneak through?
James Quintero with the Texas Public Policy Foundation says, "Part of the reason why is that most voters don't understand that there is a connection between new debt and new taxes."
Quintero says you can thank the school districts for most of this new debt. He said, "School districts had more than 150 individual items put before voters statewide, and that cost more than 14 billion dollars in total."
Quintero told KTRH that we have far too much government debt here in Texas, and at this point, it's time to start getting concerned about it.