Costly Election for Taxpayers

In the last 25 years, local governments in Texas have increased their spending at an alarming rate of 158%. This wouldn’t be too big, but the per-person income has only increased by 39%. The debt has grown at an even higher rate of 270%. These numbers are very shocking to taxpayers that have to support these growing numbers. Texas already has a general-obligation bond debt of 7.5 billion. After the upcoming election, that number might double. The ballot initiative for the upcoming election almost totals 10 billion in state spending. Voters need to sit down and actually think about these numbers. Approving some of these spending will end up hurting them. Taxpayers already carry a large debt that needs to be paid. After this election, it might be a whole lot worse. The real problem for taxpayers is state issued bonds. Yes some of the initiatives on the ballot sound good, but voters need to think of what it will do to their spending. Many of the initiatives are for education. I believe it is a great idea to put money down to further our development for our kids, but it would also hurt our kids. When they grow up, they will be paying taxes on the state debt forever. In the elections, there are five general obligation bonds that total 9.75 billion in spending. That includes Proposition 2, 4, 12, 15, and 16. Voters need to really sit down and think about the effects of passing these bonds. Texas will end up having to pass another amendment for being in debt. Voters need to start voting no on these initiatives to help taxpayers.