State Comptroller: Local debt doubled in past decade
POSTED: Thursday, September 27, 2012 - 5:13pm
UPDATED: Thursday, September 27, 2012 - 5:13pm
The amount of local debt in Texas has skyrocketed over the past 10 years.
This, according to a report released by Texas State Comptroller Susan Combs this week.
Combs' report shows the tax-supported debt approved by Texas cities increased 126 percent from 2001 to 2011.
That equals out to $27 billion.
County debt went up 131 percent.
Combs is making a plea to local governments.