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Ennis Daily News

We knew taxes would increase

Of all of the public hearings on government budgetary matters that have sprung up this month in our immediate area, the Ennis Independent School District’s public hearing of Tuesday night was easily the most attended.
People had complaints. They did when the bond project passed that funded the millions of dollars in construction work done since that election, and their cries were louder when it came time to pay the piper.
Property taxes are going up this year for the EISD in the midst of an economic debacle, and the foundation of that increase lies in that May 2008 bond election.
The election was a close one. The margin for the passage of the bond projects was a handful of votes, which shows many in the community were thinking about the bottom line and how the project would affect them individually. And rest assured, it will.
Debt service has to be done, after all — the district is bound to its credit in that respect, and raising more money to pay off the bonds is mandatory. We’ll deal with that burden for decades, as well.
However, to the district’s credit, what they originally predicted would be a 5-cent increase in property taxes with the passage of that bond election turned into a 3-cent boost.
The whole thing is an object lesson in educating ourselves about the environment in which we live and the governments that help to organize our lives. We knew when we approved the projects via the election in May 2008 that a tax increase was coming along with it.
Any businessman can tell you that the recession, not “officially” acknowledged until well into the fall of 2008, had been hanging over our country for months and months prior. We should have seen it coming — indicators were everywhere. We got caught up in the promise of an ever-growing economy and ever-growing wealth.
We made our beds. Now we get to sleep in them.

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Posted by on Aug 27 2009. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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