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Doubling down on debt, San Antonio bond will make poor city poorer

MARCH 2, 2017 | WATCHDOG.ORG TEXAS BUREAU

By Kenric Ward, includes "... The gold-plated credit rating contrasts with the city's rising red ink. Truth in Accounting, a nonpartisan organization that analyzes public-sector finances, conservatively calculates the Alamo City's debt at $1.2 billion, or $3,300 per taxpayer. Throwing some shade on City Hall's shiny credit score, TIA President Sheila Weinberg cautioned, "Credit ratings have very little to do with a government's ability to pay off its overall debt. ..."

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