Ross Kecseg says our dept problems stem from a lack of transparency:
It’s becoming clearer as to the causes of our statewide debt epidemic; a blatant disregard of basic transparency. Even more troubling, although not surprising, is the government’s inability to share basic information internally between agencies.
Politicians will tell you that they have implemented several transparency measures to protect taxpayers from slippery borrowing tactics. Districts wishing to issue debt are required to complete and send a form to the Attorney General’s office for review. Unfortunately for voters, this information won’t be aggregated or analyzed until after the November election, where citizens will be asked to approve new bonds.
from Taxpayers Bamboozled Over Bonds (Click for the full article)