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Angling Against Austin in 2013


Yay, someone else willing to pose with us!


It appears that City Controller Wendy Greuel is the anti-Austin in the 2013 campaign. The Controller's report on the City's projected performance over the next year looks, well, grueling.

Highlights from the flackage includes:
  • For fiscal year 2011-12, the Controller anticipates that property tax receipts are expected to decrease by $24 million.
  • The Controller also projects that business tax and licenses permits and fess will decrease, while sales tax, utility users tax and transient occupancy tax will increase.
  • Additionally, for the fiscal year 2011-12, the Controller projects that the City will receive a decrease in various transfers from other funds, including Special Parking Revenue Fund - $10 million, Power Revenue Fund - $4.8 million and Telecommunications Development Account - $4 million.
  • The Controller anticipates the City needing to borrow $450 million in Tax and Revenue Anticipation Notes (TRANs) next year to cover cash flow.
  • The City will be required to pay $628 million in debt service next year.
Subtext: Austin Beutner is doing an awful job. So are bureaucrats and the people at the County and State. But at least transient occupancy tax revenue will increase, as will sales tax revenue.

The issuing of the report today now makes more sense given yesterday's news.

Also of interest: Richard Wolfe, How the rich soaked the rest of us. &c.