remax-2-banner-adgif

Rockwall citizen Johanna Runnels writes “Vote No” on bond proposals May 12

Letter To The Editor:

As an ordinary citizen, when I look at a list of bond issues submitted for my consideration, I assume they are on the ballot because my duly-elected city council members have vetted these proposals and are recommending them to me as a good idea. This tacit endorsement is what concerns me.

We, the city of Rockwall, are currently carrying a heavy debt–over $222,000,000 as of 8/11 (http://www.brb.state.tx.us/lgs_search.aspx?action=city) which comes to $5,922 for every man, woman, and child.*. So if you are a family of four, that totals $23,686.

But wait! There’s more! Our county debt is now $102,400,000 ($86,000,000 plus recently added $16.4 million issued in January) (http://www.brb.state.tx.us/lgs_search.aspx?action=county) which comes to $1,345 per person**.

And finally, our school district carries a debt of $707,729,600 (http://www.brb.state.tx.us/lgs_search.aspx?action=isd) which breaks down to $9,034 per person.

And that does not even include the nearly $16,000,000,000,000 (trillion) and climbing debt we carry on the national level which is currently at $50,000 per person.

To summarize our current debt:

  • City debt $5,922 per person
  • County debt $1,345 per person
  • School debt $9,034 per person
  • TOTAL $16,301 per person in debt in Rockwall
  • Plus a national debt of $50,000 per person

We will also see a personal massive tax hike come 1/1/13 when the Bush tax cuts end. That is going to send a lot of our ever-shrinking disposable income to Washington for the (mis)use of the federal government.

As a parent, if your family were personally in a boatload of debt, would you give your children a list of high ticket items to choose from to buy for them?

Not at our house and likely not at yours.

Now is not the time to increase our city debt load in Rockwall by 25%. Instead we should be getting our financial house in order by cutting spending and paying down our current debt.

“NO” to the bond proposals.

*Based on the 2010 census date 37,490 people in the city
**Based on 2010 census data of 78,337 people in the county

Johanna Runnels

Rockwall TX

Comments

comments

3 Responses to Rockwall citizen Johanna Runnels writes “Vote No” on bond proposals May 12

  1. Yes, I’m sure that if these bonds pass, the city will continue to operate within its budget – it will just be bigger. The budgets that people are concerned about are their own personal budgets. As of last fall, the county had not even issued all the $100 million road bonds that were passed a few years ago. Have we finished building schools? Any sizable growth will immediately cause yet another tax increase to build new ones. The trend for individuals and families (not government) for the past several years has been to trim spending personally and to stop incurring debt, paying debt off rather than adding to it. That is the reason Dave Ramsey has three hours on the radio each day. A 30% city property tax increase will be a strain for many homeowners and businesses.

    Carol Crow May 2, 2012 at 4:06 pm
  2. One important bit of information omitted from the foregoing is that for the past 15+ years Rockwall has done an outstanding job of operating with a balanced budget and, at the same time, has been successful in passing the necessary bonds to enhance the infrastructure for its citizens. I applaud the City Council(s) and Staff for their outstanding work. Nothing that has been printed to date would give me any cause or concern that passage of these bonds would preclude the city from continuing to operate with a balanced budget.

    Bob Cotti April 30, 2012 at 11:43 pm
  3. One typo I noted: The total county debt should be $102,400,000, not $105,400,000. The grand total of our debt is $1,032,100,000–over a BILLION dollars.

    JOHANNA RUNNELS April 30, 2012 at 10:59 am

What do you think?


remax-2-banner-adgif

Connect with us