Spotlighting Local Government Finance
Since January 2007, the Texas Comptroller’s office has been a tireless advocate for financial transparency at all levels of government. We’ve opened the state’s books for taxpayers, shining a light on the ins and outs of revenue and debt that affect the people who actually pay the bills. And we’re not stopping now.
Our local governments need the same sort of sunshine. Local finances account for more than half of all Texas state and local taxes and four-fifths of its government debt — $195.8 billion at the end of fiscal 2012.
Local spending and debt are skyrocketing, as is the sheer number of government bodies that levy taxes and issue debt in your name.
Efforts to introduce more transparency into local spending and debt never made it to a full vote in this recent legislative session, and every taxpayer in our state should sit up and take notice.
Tell the Truth Texas will be a one-stop source to collect all available information on local government finances in our state, including the existing and proposed debt of cities, counties, school and hospital districts and hundreds of special-purpose districts throughout Texas.
Stay tuned — more to come!