2017 - Page 2 of 3 - blogHOUSTON

Noteware: Rain tax expenditures: We got soaked

July 1, 2017 Jim Noteware

In my last column , I described how City leaders misled citizens and taxpayers about the costs of the rain tax, earning a stern rebuke from a unanimous Texas Supreme Court. Unfortunately, City leaders have been

Noteware: Ballot deception: When it rains, it pours

July 1, 2017 Jim Noteware

One of the recurring themes since my first columns were published by the HBJ has been that City leaders have not been telling the full truth about important issues. Indeed, my early columns specifically called

Noteware: The Post Oak bus Uptown guideway: A runaway train

July 1, 2017 Jim Noteware

The proposed “BRT” (Bus Rapid Transit) project along Post Oak Boulevard is proceeding despite growing protests from affected businesses and the few residents who are aware of it. The BRT is a dedicated bus lane,

Noteware: New York Fed warns Houston over its financial practices

July 1, 2017 Jim Noteware

On April 14, the Federal Reserve Bank of New York, deeply concerned over the financial practices and growing fiscal distress of the nation’s largest cities, convened a workshop entitled, “Chapter 9 and Alternatives for Distressed

Noteware: How do we rate? Not good, but better than the rating agencies

July 1, 2017 Jim Noteware

Recently a concerned reader asked: “If Houston’s finances are so atrocious, then why does the City still have a credit rating of AA?” I answered him, “You should call and ask them; please let me

Noteware: The firefighters agreement: What the city should do instead

July 1, 2017 Jim Noteware

My previous column presented my reasons why the City should not approve the agreement with the Firefighters regarding deferring payments into its pension fund. What City leaders should do, however, is at least two new

Noteware: The City: Fighting fire with firefighters?

July 1, 2017 Jim Noteware

On Friday the 13th (March 13, that is), I was invited to testify before a special meeting of City Council, called by four brave members to hold public discussion on an “agreement” that Mayor Parker,

Noteware: Why the City of Houston Should Want No Part of BANKRUPTCY

July 1, 2017 Jim Noteware

The City of Houston has not been paying all its bills. It has funded its deficits by borrowing — from its employees’ pension funds, from bondholders and others. Meanwhile, the City’s Long Term Financial Management

Noteware: Preparing for Pension Reform in Houston is as Easy as 1-2-3

July 1, 2017 Jim Noteware

Over the past few weeks, many of Houston’s leaders – members of City Council, business executives, journalists, etc. – have posed the question to me: “What can we do to fix the City’s pension problems?”

Noteware: What the CAFR Does Not Say: When Your Head’s in the Sand, There’s a Lot Still Exposed

July 1, 2017 Jim Noteware

The previous article demonstrated that the City of Houston is in deep financial trouble, losing population and jobs, while expenses grow faster than record revenues and while the pension problem (the greatest issue confronting the