Texas House Bill HB430

Texas 2019 - 86th Regular

Caption

Relating to certain information included with ballot propositions for elections to authorize state and local general obligation bonds.

Impact

The implications of HB 430 are significant for both state and local elections. By mandating the inclusion of detailed financial information on ballots, the bill aims to improve voter understanding and decision-making regarding debt propositions. This increased transparency could lead to more informed voting outcomes and potentially influence the approval rates of such propositions, as voters will be better equipped to assess the financial implications of their choices.

Summary

House Bill 430 seeks to amend the Election Code and Government Code to enhance transparency regarding general obligation bonds issued by local governments and the state. The bill introduces a requirement for ballot propositions related to the issuance of these bonds to include specific financial information. This information must detail the current general obligation debt, the maximum additional debt authorized, and the estimated repayment costs, communicated in both total and per capita amounts for relevant populations.

Contention

Discussions surrounding the bill may reveal tensions between proponents advocating for accountability and transparency in public finance and critics who might see this as an unnecessary layer of complication in the electoral process. Some opponents may argue that this requirement could overwhelm voters with technical details, potentially leading to confusion, while supporters would counter that such measures are essential for responsible governance and fiscal management.