Spending Restraint
67. Public Posting
We support all government entities compiling and publicly posting their current debt, future obligations, financial statements, check registers, and all government contracts on their official websites. (F, S, L)
a) Compiled information shall be presented in a table with the principal, estimated interest, and estimated combined principal, interest required for full payment of the proposed bonds, the principal, estimated interest, estimated combined principal, and interest required for full payment of all outstanding bonds, as of the date the political subdivision adopted the debt obligation order.
b) Voter approval is for a maximum spend, not a blank check for all projects on a list. An approved bond amount will include principal, interest, and a contingency amount for overruns.
