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The Texas Constitution mandates that money spent on debt service cannot exceed more than what percentage of state revenue
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The Texas Constitution mandates that money spent on debt service cannot exceed more than what percentage of state revenue

User Kenth John Israel
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1 Answer

5 votes

Answer:

5 percent

Step-by-step explanation:

The Texas Constitution mandates that money spent on debt service cannot exceed more than 5 percent. When the state of Texas was established, Texas had very little debt. So, as a result, the Constitution was created and it states that it can not exceed 5%. Therefore, the answer is 5 percent.

User DMF
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