Texas Law on Debt Election Ballot Information

HB 300 sets clear rules about what voters must see on the ballot when deciding if our community can borrow money. This law comes from the Texas Legislature and applies to all cities, counties, school districts, and special taxing districts.

When a community holds a debt election, the ballot must explain the single specific purpose for the loan. For example, it might say the money is for building new schools or fixing roads. Voters also need to see the total amount—both the principal and the estimated interest. This shows the true cost of the borrowing.

The law requires one more crucial piece of information: how much taxes will increase. Ballots must show the estimated maximum annual tax increase for a home worth $100,000 in taxable value. This helps homeowners understand the direct impact on their own property taxes.

For communities with at least 250 registered voters, a detailed voter information document must be posted. This document includes a table showing the principal, estimated interest, and total cost of the proposed debt. It also lists all the community's existing debt obligations so voters can see the full financial picture.

By requiring clear, specific information on ballots, HB 300 strengthens our ability to make informed decisions about our community's finances. When voters understand exactly what they are approving and what it will cost, we build stronger, more transparent government.