Unfair Park - The City's Running a Little Light on Dough -- Got $50 Mil to Spare?

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The City's Running a Little Light on Dough -- Got $50 Mil to Spare?

Thu May 08, 2008 at 08:51:14 AM

The big news of the a.m.: The city's $50-million budget shortfall, as noted yesterday at City Hall by Dallas Chief Financial Officer Dave Cook. This morning, newest KERA-FM (90.1) correspondent B.J. Austin lays out the deficiencies: everything from a precipitous drop in sales tax revenue and property tax growth to a decrease in expected red-light camera revenue.

And over on Back Talk Lake Highlands, Jeff Siegel takes it even further with a little number-crunching with city and state docs. Way he figures it, "Maybe there's a bump coming in the last seven months of the year that will make up the deficit. But if not, someone downtown needs to start worrying about this." One thought: We could always finance and run a convention center hotel. I hear from the mayor those things make lots of money, like an ATM with room service. --Robert Wilonsky

Category: News You Can Actually Use, Actually

5 Comments:

Gabe says:

Dallas could always borrow the money from DART - don't they have an extra billion?

Posted at: May 8, 2008 9:29 AM

Tom says:

So the City-O-Dallas is spending hundreds of millions of dollars to replace bridges that don't need replacing, hundreds of millions more building a freeway in a flood plain that goes nowhere in particular, and is now proposing to spend another hundred million or so building a hotel downtown that nobody particularly wants.

And nobody seems to have anticipated that all of this might just leave the city a wee bit short on cash?

Posted at: May 8, 2008 10:02 AM

db says:

I'm just going to have to leave the private sector for a public office job and starighten EVERYTHING out, yep!

Posted at: May 8, 2008 10:49 AM

Nathan says:

Come on everyone! We have NOTHING to worry about. Tom Leppert's Toll Road is going to bring wealth and prosperity to the City of Dallas.

Posted at: May 8, 2008 11:02 AM

Chris says:

Thats tight Nathan.

When Cesar Chavez Blvd. is official, Billions of dollars in upper class bail bonds offices will open up.

Its unbelievable to me that these idiots want to run a hotel.