AUSTIN –Texas Public Policy Foundation’s (TPPF) Center for Local Governance Director James Quintero will testify before House Committee on Investments & Financial Services—Subcommittee on Bond Indebtedness TOMORROW, Wednesday, March 18, 2015 at 8:00 am CDT in room E2.028 of the Texas State Capitol. Mr. Quintero will focus his remarks on House Bill 114. 

“Texas’ emerging local government debt crisis is being made all the worse by the use of exotic public financing devices, like capital appreciation bonds (CABs),” said James Quintero, director of the Center for Local Governance. “These debt instruments, which allow a local government to borrow and defer principal and interest payments for up to several decades, threaten to cripple future generations of Texans with massive debt and taxes. It is critical that Texas lawmakers rein in the use of these devastating debt devices.”

WHO: James Quintero, Director, Center for Local Governance, TPPF
WHAT:
 
Testimony before the House Committee on Investments & Financial Services—Subcommittee on Bond Indebtedness
WHEN:
 
Wednesday, March 18, 2015
8:00 a.m. CDT
WHERE:  Texas State Capitol, Room E2.028

More information about the hearing can be found at: http://txpo.li/1DtJTAG
 
To schedule an interview with Mr. Quintero, please contact Caroline Espinosa at cespinosa@texaspolicy.com or 512-472-2700.

James Quintero is director of the Center for Local Governance at the Texas Public Policy Foundation.
 
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.

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