[TheWriterTX]

Texas has a BBA. We are only allowed to accumulate debt for 1) emergencies or shortfalls in projected revenue, 2) by VOTER INIATIVE, and 3) SELF-SATISYING BONDS.

If we want to build a road, it must be sustained by tolls until the bond is paid off.

Texas State debt (the debt accumulated due to STATE GOV) is also required by law to not exceed 5% of TX GDP.

All but 10% of the current TX State debt is SELF-SATISFYING BONDS (not on the back of the taxpayer).

Dig into the actual numbers, and you will see how a tiny fraction of what's being reported and misrepresented in blogs all over is ACTUAL taxpayer funded debt, while the rest is bonds and/or local government debt.

[muawiyah]

Barrett Law is the way to go. That way you get government out of the toilet and off the road (in residential and business districts).

[aMorePerfectUnion]

Thank you for a clear explanation of how debt works in Texas.
Out of everywhere I’ve lived, Texas does the absolute best job with road construction, maintenance, tolls, and public works.