TPPF applauds Senate passage of local debt reform bill
Today, the Texas Senate passed Senate Bill 310, which would bring transparency and accountability to the process of issuing certificates of obligation (COs). As documented in the Texas Public Policy Foundation’s report Reform Local Debt Issued Without Voter Approval, local governments have come to increasingly rely on this type of non-voter approved debt which is making an already bad local debt situation worse.
Press Release May 12, 2015