As discussed in the previous part of this series, the North Texas Transportation Authority (NTTA) expects to fully pay off all of its tollways by 2049. Still, this does not mean the tolls will...
Dissolution of Disney’s Special District Could Mean $1 Billion of Debt for Taxpayers
A Florida bill passed last week that strips the Disney World theme park of its special district status may have far more repercussions than anticipated. The change could burden Florida taxpayers,...
By Amy Jones | Apr 29, 2022
Debt Increasing as Prices, Spending Rise
The Federal Reserve released the monthly Consumer Credit Report for February 2022 on April 7. The report shows that February 2022 U.S. consumer credit increased by an annualized rate of 11.3% over...
Student Loan Payments Paused Through August
After pausing student loan payments during the COVID-19 pandemic, President Joe Biden now plans to extend the moratorium until August 31. The administration stopped requiring Americans to make these...
By Manny Legrand | Apr 8, 2022
‘Truth in Accounting’ Annual Report Shows Most Major Texas Cities in Debt
The nonprofit organization Truth in Accounting released its annual Financial State of the Cities report at the end of January, detailing a comprehensive analysis of the financial situations of the...
Judge Signs Plan to Pull Puerto Rico out of Bankruptcy
For almost five years, Puerto Rico has been in the middle of a bankruptcy battle. The U.S. territory is currently $70 billion in debt, but now has the potential to decrease that amount to $34...
Repayment of Student Loans Restarts Soon: What To Expect
In 2015, the Texas Higher Education Coordinating Board announced a 15-year strategic plan for increased higher education rates for its citizens. In the meantime, COVID-19 relief for student debt...
Study: Local City High on List for Unsustainable Credit Card Debt
According to a new study by WalletHub, Dallas ranked among the top 10 cities with the least-sustainable credit card debt. The company compiled the rankings of 182 cities based on the median credit...
By Edgar James | Dec 13, 2021
Study: Texas State Finances Worsened, Officials Need a Balanced Budget
Texas state finances worsened for the fiscal year ending Aug. 31, 2020 despite CARES Act federal funding, according to a new study issued by a nonprofit, nonpartisan financial think tank which ranks...
By Edgar James | Sep 28, 2021
