Wesley Gant

There are five propositions up for vote in Houston, otherwise known as “bond issues.” For those of you unfamiliar with the way this works, here’s a quick FAQ. Bond issues do not technically require a tax increase because they are paid by essentially borrowing money, which is later paid back with interest. Investors buy the bonds, which are attractive because returns are nearly guaranteed, and because of the low tax rate typically attached to interest. However, because […]