Categories: Texas Legislature

Steve Allison’s Troubling History Of Increasing Public Debt

Steve Allison, a candidate running for State Representative in District 121 in Bexar County, claims to have the “experience, expertise, and know-how to fix our broken education finance system,” but as a board member for VIA Metropolitan Transit, expensive debt remained a lingering issue potentially affecting the authority’s long-term future.

Three bonds were issued for the San Antonio transit authority between the fiscal years of 2012 and 2014 – and all three of those bonds remain outstanding. Add to that the worrisome fact that VIA’s net position decreased by $3.4 million at the end of 2016. This considerable drop may force future bond issues for the agency.

With this troubling trend, VIA Metropolitan Transit will only gain more debt. Rather than search for smart solutions to reduce VIA’s burdensome debt for the benefit of taxpayers, Allison instead has opted to kick the can down the road until it no longer is his problem.

Allison has been on the VIA board since 2010 and worked as a member of the statewide Special Committee on Revenue and Funding. Allison should understand the problem of long-term debt and work to solve the issue, not avoid it. This debt will result in higher rates that will end up negatively affecting average Texans who are paying for public transportation services.

If Steve Allison can’t properly manage taxpayer money at VIA, how can we trust him to manage it in the Texas Legislature?

RA Staff

Written by RA News staff.

Recent Posts

Wall Street South? Texas Launches Bold Bid with New Stock Exchange

A bold new financial chapter is unfolding…

8 hours ago

Nearly 900 Texans Rescued After Catastrophic Flooding in Kerr County, Death Toll Rises

At least 32 people are dead and many more remain missing — including children from…

24 hours ago

Texas Bets on Bitcoin: A Strategic Play for Financial Innovation

In a move that has drawn national…

1 day ago

Elon Musk’s $50K House vs. His Nearly $70K Cybertruck

Elon Musk, a figure with billion-dollar ventures…

1 day ago

Delta-8 vs. Delta-9: Why Texas’ Marijuana Dispensaries Say They Can’t Compete

Texas' medical marijuana industry entered 2025’s legislative…

2 days ago

Paxton drops appeal: Texas to pay $6.6 million to whistleblowers

Texas will pay $6.6 million to four former top deputies to Attorney General Ken Paxton…

2 days ago

This website uses cookies.