This report examines the true cost of bond propositions considered in the May 2024 election cycle and offers recommendations to improve debt transparency and accountability.

Key points:

  1. Texas voters considered almost 325 bond propositions on May 4th, 2024. Of those, approximately 260 measures were approved.
  2. The total repayment cost for every bond measure proposed was $38.8 billion.
  3. The total repayment cost for every bond measure passed is $33.3 billion.
  4. The passage rate for bond propositions during the May 2024 election cycle was 79.9%.
  5. Texas’ heightened debt environment should prompt the Legislature to consider reforms to improve debt transparency and accountability.