All posts tagged: Proposition

Houston Propositions

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Houston / Political Commentary

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 […]