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Ennis has good financial footing for new year

It truly could have been a much tighter year for us. It could be worse than it will be next year based on its projections
Listening to National Public Radio, perusing the Dallas Morning News or looking elsewhere for information outside of Ennis will show you the depth to which many local and state governments have been driven under the weight of a collapsing economic bubble.
Ennis, however, thanks largely to predictive planning on the part of a cautious city government with a good bit of luck thrown in, is in a quite enviable position compared to most. We don’t have to cut workers, we don’t have to raise tax rates and we don’t have to slash services. We’re even able to do some very moderate and measured capital purchasing in the coming year, thanks to growth in our tax base.

What it means for the average person among us is we will have some higher taxes, but not thanks to a boost in the tax rate — our own property values are rising, so it ostensibly means our assets are gaining more value. We will, through the boosted revenue in the city’s coffers, continue to fight back some of the economic ills that have befallen our neighbors.

What caused the growth? Several factors likely worked in concert. Ennis’ school system, which has been in a building mode for several years, has attracted the attention of family-oriented people looking for a place to raise their children. We’ve seen an influx that has helped boost the base. Also, smart planning in the form of tax abatements has given us a strong footing that people likely didn’t understand at the onset. Giving a business a big break in its first few years in the area as a way to get them to locate here ends up paying dividends. Several abatements rolled off this year, city management was happy to report, which helped buttress our incoming revenue as sales tax dollars started tapering off since the fall of Wall Street last autumn. In that respect, good strategy for recruitment became good strategy for retention and weathering a storm. It definitely makes the case for continuing the practice as times warm up again, and speaks to a level of long-term expertise we enjoy in our leadership.

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Posted by on Sep 23 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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