AUSTIN (Feb. 5, 2015) — Citing the explosion of local public debt in Texas, State Representative Matt Shaheen (R-Collin County) filed a bill giving citizens more information on bond propositions.
House Bill 1182 will enable citizens to make more informed choices about local borrowing by requiring local governments to disclose the amount of outstanding debt held by the jurisdiction on every proposed bond measure.
Representative Shaheen said, "It makes sense to know how much you owe before borrowing more. Texans make the same choices every day in their own personal finances – local governments should be no different."
The legislation also requires local governments to add the disclosure to a sample ballot posted on the internet before voters head to the polls.
Representative Matt Shaheen resides in Plano, Texas and serves the citizens of District 66, which encompasses west Plano and far north Dallas, in the Texas House of Representatives. Previously, Representative Shaheen served for five years as a County Commissioner for Precinct 1 of Collin County.