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