Texas law makers often deserve our criticism, but we have only ourselves to blame for the enormous school bond debt we continue to heap upon ourselves. How far into the future must we look to see relief this unconscionable trend that has become even worse since the printing of this article?

Supporters of this outrage will tell you, “It’s for the kids”. What is actually “for the kids” – is a brutal slave master called debt!

See the following Breitbart article:

From Breitbart.com, byMerrill Hope17 Nov 2014 –

Already on the hook for $65 billion in outstanding school bond debt approved and issued between 2007-2013, Texans voted in more mega-school bond debt statewide in 2014 that will pile nearly $10 billion more onto the statewide property tax payer tab. For public school debt alone, Texans will owe almost $75 billion — before interest.

Although written about California, I think this article may interest you if you are a taxpayer. Should we learn from their mistakes…or repeat them?

I encourage you to read California’s Proposition 13.

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By Jon Coupal
President of the Howard Jarvis Taxpayers Association

Billions in New Bonds Should Not Escape Voter Approval

Former Speaker Willie Brown once said, “In the world of civic projects, the first budget is really just a down payment.” The strategy, he noted, was to start construction of a project quickly so it would be hard to stop once people learned of the real cost which, in many cases, could be many multiples of the initial price represented to citizens.

Constant cost overruns and a lack of accountability plague California’s infrastructure projects. Politicians casually throw “millions” and “billions” around like a game of monopoly, leaving hard-working families and future generations to pay the debt they so flippantly…