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Despite $9 billion-plus surplus, Texas gets a 'D' on fiscal health

MAY 30, 2019 | THE HAYRIDE (LOUISIANA)

“… ‘The asserted improvement is based on short-term, cash-accounting-based funds accounting,’ Bill Bergman, director of research at Truth in Accounting, told The Center Square. … ‘In households, bank accounts can grow when people borrow money, and put more spending on credit cards. Texas’ bonds payable account has been growing significantly in recent years. In our view, the state government’s net position – the ‘Taxpayer Burden’ facing future taxpayers, has been deteriorating, even amidst the state’s economic growth.’ …”

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