Posted on 03/10/2025 10:16:43 AM PDT by ma_che62
In their Financial State of the Cities 2025 report, Truth in Accounting studied eight Texas cities and found their cumulative debt is a steep $37.45 billion. Austin had the highest share with $9.8 billion in debt, while Plano had the least at $467.9 million.
“The data confirms what most people suspect—Texas’ local governments are addicted to debt. And that has major consequences for today’s taxpayers and tomorrow’s Texans,” James Quintero of the Texas Public Policy Foundation stated.
(Excerpt) Read more at texasscorecard.com ...
They all need a beating with a pimp cane.
Cleveland is in Texas?
Great example for kids on how to manage debt.
A better term would be “Money Pit cities.”
Cleveland is not too far from Palestine, IIRC. 🤠
https://www.youtube.com/watch?v=JnX-D4kkPOQ
Classic 2 minute skit from The Onion: “Should The Government Stop Dumping Money Into A Giant Hole? “
Austin had the highest share with $9.8 billion in debt”
Shocking.
I thought it was all the drilling.
No. Cleveland is in North Carolina.
Hope & Pray that Texas will get VERY SERIOUS about Property Taxation- THIS WILL SUFFOCATE THE MIDDLE CLASS! My husband is a partner in a lumber business near downtown Houston (has been there since 1923). It is very close to 100K a year.
Not to mention the hard work over the years on our 3 houses. NO HIRING of CONTRACTORS he does it all except roofing.
Local “Authorities” are ruthless with sudden trendy neighborhoods...up the taxes go!
We do have one north of Houston.
We have 50 MAGA red states controlled by 50 Deep State legislatures.
The radical leftist voters in the People’s Socialist Kakistocracy of Austin have been electing traitorous or incompetent crooks for years. From the 80s there was runaway growth with little planning and control given geographical and infrastructure limitations.
As one hilarious (except maybe to city taxpayers) example, years ago Austin did a big Capitol-Metro public transportation expansion and bought a slew of buses, only to find out many were too long to turn corners on the planned routes.
The easiest place for a democrat to get elected is in a deep red state. They simply learn to say a few of the right things and run as republicans. Texas is a victim of this at all levels of government.
What happens when a city defaults? Does a bankruptcy judge take control? Perhaps the state could take control.
Actually, yes.
Just north of Houston on Hwy 59
$10B in debt for a city of 1 million. WTG Austin; you’re #1.
Thanks for posting
Don’t forget about Los Angeles, Texas.
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