As City Hall Sets "The 'Price' of Dallas Government," a Very Big Budget Deficit Awaits
The "Price" is what the residents of Dallas are willing to pay for the services they receiveShe says that since 2000, the so-called "Price" of Dallas Government has dropped from 3.25 percent of personal income to 3.19 percent, which is very bad news. Why? Well, says the briefing, "it is unlikely the City will be able to achieve this 'price' while increasing public safety, maintaining current service levels and maintaining the current property tax rate." And while it's still early in the game, the city's starting to fear the worst: a $100 million budget deficit.
"Price" = Amount of locally-generated city revenue as a percentage of gross personal income. Includes all taxes, fees, and charges.