Friday, August 29, 2003
Our local Fort Worth City Council is showing signs of multiple personality disorder. First, they say they will not increase the tax rate. That means, they can collect enough money to pay the bills. Then, they say, we are going to raise fees. That means they cannot collect enough money to pay the bills. Finally, they say they are going to float some bond issues. That means, they cannot collect enough money to pay the bills today, so they hope they can collect enough in the future to pay today's bills plus interest. This boils down to it being politically expedient to say no new taxes, but disingenuous by raising fees, which are just taxes with another name. Then, you push projects out with bond issues so that peopel don't realize how much money you are spending.