Tag Archives: economy

Who’s afraid of a little climate change?

Posted on July 31, 2015 by Charles Kuffner

We should be in Texas, but we’re not. Texas probably will see a sharp increase in heat-related deaths and coastal storm-related losses in the coming decades if nothing is done to mitigate a changing climate, according to a new study … Continue reading →

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Circling back to city finances

Posted on July 6, 2015 by Charles Kuffner

I have three things to say about this. This time, [City Finance Director Kelly] Dowe insists, the $126 million deficit he projects for the budget year that starts next summer is not going to disappear, as past projected shortfalls have. … Continue reading →

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The wedding industry is rubbing its hands with glee

Posted on July 5, 2015 by Charles Kuffner

Nothing like having your market dramatically expanded overnight. Within hours after the Supreme Court legalized gay marriage in Texas and across the country, local wedding businesses and venues already began getting orders and bookings from same-sex couples. Those in the … Continue reading →

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Sales tax revenues take a dip

Posted on June 30, 2015 by Charles Kuffner

Don’t freak out just yet, but do be a little worried. Houston’s 53-month consecutive span of year-over-year sales tax revenue gains has come to an end, five months into an energy slump analysts said could dent the city’s economic numbers … Continue reading →

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Tighter spending cap defeated

Posted on June 1, 2015 by Charles Kuffner

I consider this to be a victory. The state’s constitutional spending cap will remain untouched this session, and House and Senate leaders are blaming each other for the lack of action on the arcane but politically important measure. Senate Republicans … Continue reading →

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Budget deal

Posted on May 23, 2015 by Charles Kuffner

What Christopher Hooks says. Texans, you can put down your pitchforks and douse your torches: The edibles you’ve squirreled away in your emergency bunkers can be safely consumed. Life can begin anew. The tax cut war between House and Senate … Continue reading →

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It’s hard out here on a recycler

Posted on May 11, 2015 by Charles Kuffner

Whole lot of not so good in there. When Waste Management bought the plant in 2010 and converted it to handle single-bin recycling, commodity prices were high, the city was on board and Houstonians were eager to recycle. As the … Continue reading →

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We’re not #1 any more!

Posted on March 21, 2015 by Charles Kuffner

Looks like we’re going to need some new applause lines for our elected officials. When it comes to job growth, some Rust Belt states are gaining an edge on Texas amid the fallout from plunging oil prices. In January, Texas … Continue reading →

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The state spending cap is a stupid idea

Posted on March 16, 2015 by Charles Kuffner

And the Republicans want to make it worse. Texas Senate leaders on Tuesday announced another round of efforts to change the way the state determines its two-year spending limit, and keep tax cuts from counting toward the constitutional cap on … Continue reading →

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Economic segregation in cities

Posted on March 2, 2015 by Charles Kuffner

From Wonkblog: Concentrated poverty is one of the biggest problems facing cities today, as more of the urban poor become isolated in neighborhoods where the people around them are poor, too. Growing economic segregation across cities, though, is also shaped … Continue reading →

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Nothing but not-so-good-times ahead

Posted on February 22, 2015 by Charles Kuffner

Maybe if everyone chants “This time is different than the 80s!” loudly enough it will have the talismanic effect we all hope it will. For five years, a domestic oil boom has created a bounty of high-paying jobs and a … Continue reading →

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A slowdown in construction would be good for school districts

Posted on February 12, 2015 by Charles Kuffner

One potential upside to a weakening real estate market. Since the Houston Independent School District passed a historic $1.9 billion bond issue in 2012, the construction market has boomed, driving up costs and drying up labor. But now, with the … Continue reading →

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Hegar’s first revenue estimate is in

Posted on January 13, 2015 by Charles Kuffner

We’ll see how it holds up. Amid concerns that tumbling oil prices could push the Texas economy into a recession, Comptroller Glenn Hegar offered a cautiously optimistic tone on the future of the Texas economy Monday, announcing that lawmakers will … Continue reading →

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Three signs of possible trouble ahead

Posted on January 1, 2015 by Charles Kuffner

#1 – Watch out for falling oil prices. The bedrock supporting Houston’s economy will shift in 2015, and while these tremors will not bring disaster, they will bring changes that some will find painful. The collapse of oil prices in … Continue reading →

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Appraisal caps back on the agenda

Posted on December 5, 2014 by Charles Kuffner

The idea will never die, unfortunately. No matter what the effects are. Local officials in the Houston area say they are concerned that incoming state leaders will push for tax relief measures that could limit their ability to meet the … Continue reading →

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Davis proposes minimum wage increase

Posted on September 6, 2014 by Charles Kuffner

The Chronicle buries the lede. Down in the polls and facing an opponent with a cash advantage, Democratic gubernatorial candidate Wendy Davis on Thursday took her campaign to the University of Texas at San Antonio, where she told supporters the … Continue reading →

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It’s a great time to be a construction worker

Posted on September 1, 2014 by Charles Kuffner

For most people, anyway. On a conference call earlier this month, the president of Houston-based developer Camden Property Trust described what it’s like building apartments in markets where construction is booming and skilled workers are in short supply. “It’s a … Continue reading →

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The marriage equality economic boost

Posted on July 27, 2014 by Charles Kuffner

From Equality Texas: The Williams Institute released a report today estimating that marriage for same-sex couples in Texas would add $181.6 million to the state and local economy over a three-year period. The report predicts that 23,000 Texas couples would … Continue reading →

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Bell op-ed for eliminating the revenue cap

Posted on June 6, 2014 by Charles Kuffner

More like this, please. A decade ago, Houston voters restricted city property tax revenues to the combined rates of inflation and population increases. Like most arbitrary rules that politicians apply to math, this revenue cap sounds like a great idea … Continue reading →

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Why revenue caps suck

Posted on May 19, 2014 by Charles Kuffner

I’ve been expecting this. Despite a booming economy that is the envy of much of the nation, the city of Houston could face hundreds of layoffs and cuts in service next year as it runs headlong into a revenue cap … Continue reading →

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It’s not so cheap to live in Houston any more

Posted on May 7, 2014 by Charles Kuffner

It’s the downside of a hot job market and an improving national reputation for being a cool place to live. Business and city leaders often tout the Houston region as one of the most affordable markets in the country. But … Continue reading →

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The Texas Miracle that wasn’t

Posted on March 8, 2014 by Charles Kuffner

Washington Monthly’s Phillip Longman takes a closer look at the claims made by the likes of Rick Perry about Texas’ economic success, and finds them largely wanting. Here’s a taste: It’s hard to think of any two states more different … Continue reading →

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How much does it cost to really live in Houston?

Posted on August 8, 2013 by Charles Kuffner

Good question. So what does it cost to secure an “adequate but modest living” in the Houston area? According to the Economic Policy Institute, it requires an annual income of $63,600 for a family of two adults and two children. … Continue reading →

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Where are all the teenage drivers?

Posted on May 19, 2013 by Charles Kuffner

There’s a lot less of them than there used to be. Between 2001 and 2010, Texas added only 2,578 drivers age 16 to 21 while the age group grew by more than 238,000 statewide, dropping the percentage with a license … Continue reading →

Posted in Planes, Trains, and Automobiles | Tagged , , , | 3 Comments

Cornyn says relax, we won’t do it

Posted on January 19, 2013 by Charles Kuffner

Texas’ senior Senator reassures us that Republicans won’t destroy the global economy in order to gain political leverage. Sen. John Cornyn of Texas, the Republican whip, said in Houston Thursday that Congress will not allow an impasse over raising the … Continue reading →

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City pension funds make their case

Posted on January 18, 2013 by Charles Kuffner

This deserves more visibility than it’s gotten. Representatives of Houston’s three employee pension boards told a Houston City Council committee Monday that the sky is not falling and pleaded with council members to be patient in examining the city’s pension … Continue reading →

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The Sports Authority’s finances are back in the news

Posted on January 14, 2013 by Charles Kuffner

I still have no idea whether this is something we need to worry about or not. The firm that insures the Harris County-Houston Sports Authority’s $1 billion in bonds – sold to finance the homes of the Texans, Rockets and … Continue reading →

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Horse’s head sold separately

Posted on January 6, 2013 by Charles Kuffner

Shorter John Cornyn: “Unless President Obama gives us Republicans everything we want – and we insist that he be the one to come up with the list of things that we want, so we can attack him for it in … Continue reading →

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Your other one-minute real estate update

Posted on January 2, 2013 by Charles Kuffner

Basically, real estate good in Houston. Inventory of homes for sale has fallen to a level not seen in more than a decade. Builders are trying to keep up with a growing demand from buyers relocating here for jobs. Realtors … Continue reading →

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The Houston Food Bank could use your help

Posted on December 26, 2012 by Charles Kuffner

Times are tough, y’all. Despite a growing demand, food banks, charities and pantries face a dwindling supply of products to distribute to Houston’s hungry this holiday season. Food banks in Houston and across the country have less to give away … Continue reading →

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The hospitality industry industry’s effect on the economy

Posted on December 7, 2012 by Charles Kuffner

I had the opportunity recently to attend a presentation by the Greater Houston Restaurant Association (GHRA) of a study they sponsored of the economic impact of the hospitality industry in Harris County. Here’s the high level view: The study found … Continue reading →

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Beer is still a job creator

Posted on November 18, 2012 by Charles Kuffner

We really owe a debt of gratitude to beer, in particular to microbrewers. Saint Arnold Brewing Co., the city’s oldest craft, has 43 employees and is in the midst of hiring at least three more, founder Brock Wagner said. That … Continue reading →

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Cutting spending is always good for job creation

Posted on September 1, 2012 by Charles Kuffner

It must be true. A study by the University of Texas at San Antonio estimated that 20 counties in the Eagle Ford Shale supported 47,097 full-time jobs in 2011, a number that’s expected to grow to 116,972 full-time jobs by … Continue reading →

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Regent Square gets off the ground

Posted on August 17, 2012 by Charles Kuffner

This has been a long time coming. More than five years after announcing plans for the 24-acre Regent Square project off Allen Parkway, GID Development Group has begun construction on the first building, a 21-story apartment tower called The Sovereign. … Continue reading →

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