2007 Elections: Texas Combined $29 Billion Local Ballots In Texas
Vince Leibowitz | Nov 06, 2007 | Comments 0
Texas local governments, school districts, and counties are asking voters to approve a combined $29 billion in local bonds in elections being tabulated as we speak, Bloomberg reports:
Texas leads U.S. state and local governments asking voters to approve $29 billion in borrowing for new schools, road improvements and medical research, the most on an Election Day in an odd-numbered year.
Personally, I think those figures are wrong. Although Bloomberg is probably a better source for that number because bond elections are watched closely in the financial sector, you’ve got to consider that there are at least $7 billion in bond elections just for school districts.
More:
Municipal bond elections in Texas, the state that gained more people than any other in the latest U.S. Census Bureau estimates, make up almost 70 percent of debt proposed today, based on figures compiled by Ipreo, a financial software and data company. The statewide ballot totals $9.75 billion, with another $10.5 billion for school districts and other local governments.
“It’s a rapidly growing overall enrollment here in Texas, and there’s definitely the need for new schools,” said Alex Fraser, a Standard & Poor’s credit analyst in Dallas.
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Filed Under: 2007 Texas Elections
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Texas local governments, school districts, and counties are asking voters to approve a combined $29 billion in local bonds in elections being tabulated as we speak, Bloomberg reports:. Texas leads US state and local governments asking … clickhereto read
