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Featured Listener Comments Section: Contents List |
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Listener: Burley
Category: Lubbock City Politics
Date: 07 May 2008
Time: 09:35:09 -0700
Remote Name: 68.91.16.225
I think the people of Lubbock are being deliberately misled. I appreciate John Leonard’s effort to keep the budget from going up. But while keeping the budget in line, the city council led by Mayor Miller is spending tens of millions of dollars for projects with money brought in by revenue bonds without voter approval.
Attached is a list of projects for which bonds have just been sold to fund or are about to be sold. While there may be some items on the attached list may be needed, it seems to me that there are a number of items on this list that should be in the regular budget as regular maintenance items.
In my opinion, there are also large projects that should have been put before the voters. In fact, I believe some of these projects would have been on the $300 million and $104 million bond proposals that did not move forward in the last year. The right of the taxpayers to decide on how their money is being spent is being circumvented.
The tax payers of Lubbock are still being obligated to pay future bond payments that the city has issued out the back door through the issuing certificates of obligation without voter approval. This is like the federal government that has budgeted expenditures but also has off budget expenditures.
While it is probably needed, certificates of obligation were recently issued for a new water or sewerage plant. While I cannot find the figures, it was described as being Lubbock’s largest bond issue ever.
Burley
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