DALLAS – Texas’ debt-service payments would increase 29% under the $193.8 billion state budget bill that easily passed in the state House of Representatives.

The House version of Senate Bill 1 provides $4.1 billion in debt service over the two years beginning Sept. 1, with $2.2 billion in fiscal year 2014 and $1.87 billion in FY 2015.  That compares to $3.16 billion for the 2011-12 budget that runs through Aug. 31.

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