State, Local Debt Leaves Texans On the Hook for $9K Each
That's only the fifth heaviest burden in the country
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.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?