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State, Local Debt Leaves Texans On the Hook for $9K Each

Texas taxpayers were on the hook for $233.2 billion in debt in 2011, the cumulative result of spending by local and state government officials.

Local spending accounting for $192.7 billion or 83 percent of the total, has increased by more than 122 percent from $86.7 billion in 2001, according to Your Money and Local Debt, a new report by State Comptroller Susan Combs.

Source: Texas Watchdog. Read full article. (link)

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