Tag Archives: economy

Galveston passenger rail back on track

Posted on August 11, 2012 by Charles Kuffner

Sorry about the pun, they can be hard to avoid when writing these titles. Anyway, the on-again, off-again Houston to Galveston rail line is apparently on again. A Houston-to-Galveston passenger rail line postponed indefinitely after the economy hit bottom in … Continue reading →

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What will the excuse for austerity be now?

Posted on July 23, 2012 by Charles Kuffner

We’re in the money, as it were. Comptroller Susan Combs on Wednesday released updated details of how much money Texas is expected to collect in taxes and fees in fiscal year 2013, which begins on Sept. 1. The report, prepared … Continue reading →

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From the “If pigs had wings” department

Posted on June 26, 2012 by Charles Kuffner

It’s never a bad time to construct a counterfactual. What if Rick Perry had never said, “Oops”? What if he could have, for Christ’s sake, just remembered that he had wanted to gut the Department of Energy? What if he … Continue reading →

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Revenues rise, but reality recognition doesn’t

Posted on June 7, 2012 by Charles Kuffner

Good news and bad news, because we can’t have one without the other. The latest bit of positive fiscal news came Tuesday when the state comptroller released numbers showing that business tax collections in Texas had exceeded projections. Comptroller Susan … Continue reading →

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The Mayor’s 2013 budget

Posted on May 17, 2012 by Charles Kuffner

What a difference a year – and better sales tax receipts and a better real estate market – makes. Mayor Parker has unveiled her budget for the 2012-2013 fiscal year, and it promises no service cuts, no layoffs, and no … Continue reading →

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A good year for real estate

Posted on May 13, 2012 by Charles Kuffner

Good news. Area housing prices will rise this year amid a strong local economy and a limited supply, economist Ted C. Jones said Tuesday at an annual symposium on real estate and the economy. Apartment rents could go up as … Continue reading →

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A deluxe efficiency in the sky

Posted on March 18, 2012 by Charles Kuffner

The hot trend in real estate is small apartments. Apartments in Houston are shrinking. As rents have gone up, developers have been building smaller units and a lot more of them to meet growing demand from apartment dwellers who want … Continue reading →

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It’s not so easy being green

Posted on March 17, 2012 by Charles Kuffner

For cities, anyway, at this time. College Station, the maroon-hued home of Texas A&M University, is finding it is not easy being green. Four years after launching an ambitious local effort to fight global warming, city leaders say their high … Continue reading →

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Better budget news

Posted on March 12, 2012 by Charles Kuffner

For the city. The city of Houston may have $21 million more in income in the coming fiscal year than it had planned on before Wednesday. That’s when it got the news that the Harris County Appraisal District projects that … Continue reading →

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Property tax revenues still a year away

Posted on February 25, 2012 by Charles Kuffner

Getting better, but not quite there yet. Local governments should not expect an influx of property taxes to solve their budget woes this year, Harris County Appraisal District officials said Tuesday. Assistant Chief Appraiser Guy Griscom estimated the countywide tax … Continue reading →

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Let’s party like it’s 2007!

Posted on February 23, 2012 by Charles Kuffner

Good news: The improving economy and steadily increasing sales tax receipts may mean that we won’t have another budget apocalypse in 2013. Bad news: The Republicans in the Lege will use this as an excuse to avoid fixing the state’s … Continue reading →

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The Long-Range Financial Management Task Force report is out

Posted on February 12, 2012 by Charles Kuffner

A little light reading for your Sunday. The report generated criticism before the figurative ink was dry on it. Union leaders criticized the report before it was even delivered to the mayor, with Houston Organization of Public Employees President Melvin … Continue reading →

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Doing business downtown

Posted on February 3, 2012 by Charles Kuffner

I have three things to say about this. Despite public and private attempts to revive a shopping scene downtown, the retail market has struggled. Some stores like Forever 21 and Books-A-Million have opened, but most of the activity in recent … Continue reading →

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Job growth was good last year

Posted on January 29, 2012 by Charles Kuffner

More hopeful news for this year. Boosted by gains in energy, manufacturing and retail trade, the Houston area added 75,800 jobs during 2011, a 3 percent increase over the previous year, the Texas Workforce Commission reported Friday. “The numbers are … Continue reading →

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More thinking about growth

Posted on January 23, 2012 by Charles Kuffner

Since I’ve been carping about not enough talk about growth as a long-term financial management strategy for the city, I am compelled to note this op-ed in the Chron by newly elected HCC Trustee Carroll Robinson and Todd Clark, who … Continue reading →

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We’re #9!

Posted on January 21, 2012 by Charles Kuffner

Number Nine on The Street’s list of “10 Cities Poised For Greatness In 2012”. Which places us one behind Austin, and one ahead of…Rochester, NY? Whatever. Here’s what they say about our fair city. Houston Throughout the economic crisis, Houston … Continue reading →

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Military spending is government spending

Posted on January 20, 2012 by Charles Kuffner

President Obama recently announced a change in direction for US military strategy in the wake of exiting Iraq, one that will involve some reductions in spending. Much pearl clutching and chin stroking followed. But ongoing tinkering with the nation’s defense … Continue reading →

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Thinking outside the box on the city’s finances

Posted on January 20, 2012 by Charles Kuffner

We’ve seen the ideas generated by the Long Term Financial Management Task Force, which I thought lacked a certain amount of breadth to its perspective. Here’s a taste of what else might be out there to think about. Good Jobs … Continue reading →

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Area job growth in 2012

Posted on January 19, 2012 by Charles Kuffner

We’ve seen a prediction for job growth in Texas for this year, now here’s some soothsaying about job growth in the Houston area for the year. The Greater Houston Partnership predicts the Houston area will add 84,600 jobs this year. … Continue reading →

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Job growth in 2012

Posted on January 18, 2012 by Charles Kuffner

Depending on how you look at it, there’s good news, or fair-to-middling news for the Texas job market next year. Texas job growth in 2012 will reach about 2 percent for the third consecutive year, Federal Reserve Senior Economist Keith … Continue reading →

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City budget outlook

Posted on January 13, 2012 by Charles Kuffner

Last year was a lousy budget year for the city of Houston. This year will be better, if only because it really can’t be much worse, but that doesn’t mean it’s going to be good. Kelly Dowe, the mayor’s finance … Continue reading →

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Real estate optimism

Posted on January 7, 2012 by Charles Kuffner

I’m glad to see that real estate experts are optimistic about the new year, but there are a couple of key questions left unanswered. While uncertainty in the global economy could hinder the nation’s (and Houston’s) recovery, those who work … Continue reading →

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Who needs flood control?

Posted on October 15, 2011 by Charles Kuffner

Not Harris County, apparently. Harris County, despite a history of costly floods, appears likely to scale back its flood control work in the coming years in the face of declining federal funding. In a typical year, the county gets about … Continue reading →

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Don’t expect the next budget to be any better than this one

Posted on October 1, 2011 by Charles Kuffner

Continuing a theme I’ve harped on here, if state legislators thought that they solved Texas’ budget issues this year they are sadly mistaken. Some experts say Texas tax revenues must zoom far above forecasts, if we’re to escape another miserable … Continue reading →

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On spending and jobs

Posted on September 29, 2011 by Charles Kuffner

What exactly was the point of this story? About 600 workers already are on the job building the North, Southeast and East End lines, according Metro. “This is an opportunity for Metro to create thousands of jobs in Houston for … Continue reading →

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No tax rate increase this year

Posted on September 14, 2011 by Charles Kuffner

No surprise. Mayor Annise Parker has officially proposed not raising taxes this year. Through her finance director, the mayor is asking the City Council at its Sept. 21 meeting to adopt the existing property tax rate of 0.63875 per $100 … Continue reading →

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There are lots of hungry people in Texas

Posted on September 13, 2011 by Charles Kuffner

Wow. Millions of Texans are at risk of going hungry, and the resources available to many low-income families aren’t enough, according to new data released [Wednesday] by the United States Department of Agriculture and the Texas Food Bank Network. The … Continue reading →

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On Texas’ government jobs

Posted on September 4, 2011 by Charles Kuffner

Since I had previously complained about a lack of acknowledgement by Texas writers about the role that growth in the public sector has played in the so-called “Texas Miracle”, I want to give credit where it is due. In the … Continue reading →

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Bad times are good for the Lottery

Posted on August 24, 2011 by Charles Kuffner

Some people might consider this to be good news, but I don’t. This year, the Texas Lottery Commission’s sales are headed for a record high, on pace to reach about $3.83 billion, up from $3.74 billion last year. The previous … Continue reading →

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The city and county would like to cooperate, but…

Posted on August 3, 2011 by Charles Kuffner

…it’s hard to do when there’s no money to do it with. City and county officials have not met for months to discuss a joint booking facility, long touted as a way to save taxpayers money. It would get the … Continue reading →

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Better times are coming (we hope)

Posted on July 25, 2011 by Charles Kuffner

So says City Controller Ronald Green in the Chron’s op-ed pages. Officially, the U.S. recession has ended. We have certainly rounded the corner here in Houston. And while there is a loss here of public sector jobs, the private sector … Continue reading →

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Does Perry get any credit?

Posted on July 18, 2011 by Charles Kuffner

What credit, if any, should Rick Perry get for Texas’ relatively good economic condition? This Statesman story aims to find out. As Gov. Rick Perry’s flirtation with running for president puts the Texas economy under a microscope, there’s no question … Continue reading →

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Austin braces for job losses

Posted on July 17, 2011 by Charles Kuffner

Ready or not, here they come. The Texas Education Agency said Tuesday that it is laying off 178 employees this week. Those are among the first of thousands of state government layoffs expected in the coming weeks. The TEA decision … Continue reading →

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Non-robust job numbers in Texas

Posted on June 28, 2011 by Charles Kuffner

As goes the country, so goes the state. The Houston area is showing signs of a slowdown after coming off some fairly strong job gains during the winter months. “It’s very consistent with the national pattern,” said Barton Smith, professor … Continue reading →

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