Posted Nov 10, 2024, 8:53 PM
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Unicorn Wizard!
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Join Date: Oct 2008
Posts: 4,412
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That park project is either dead in the water, or it will kill off the rest of the park system due to a budgetary apocalypse.
This november, Dallas voted for a ballot proposition, prop U, which mandates that 50 percent of all new revenues, as defined only as the dollar amount difference between a previous year's budget and a proposed budget, must go to the police and fire pension. Any leftovers should the pension actually be paid up in full would have to go to police officer compensation increases.
Since inflation dictates that every year's budget will be nominally larger than the last, it all but guarantees that at some point 50% of the entire City of Dallas budget will be consumed by police pensions and salaries. Meaning every other department has to cut their budget in half. Assuming inflation is between two and four percent, this would take about 20 years, but pain would be felt sooner.
Also there's a thought that it may be impossible to repeal, because Texas state law bans cities from reducing funding to law enforcement unless its proportional with an across the board budget cut.
I think it's cooked. "Unnecessary" expenses like parks and recreation and social services represent about 10% of the city's 5 billion dollar budget. Things that are fundamental, like Dallas Water Utilities, take up a lot more than that. I don't think a city can afford to cut its funding to operate its drinking water and sewer system or maintain roadways by what it would take to achieve a balanced budget even if you eliminated all the parks, libraries, social services, and city government went work from home and sold all its buildings and all its employees worked for free and forfeited their own pensions and retirement.
Dallas is, in other words, rapidly heading towards bankruptcy and within about a decade will be in a situation similar to Detroit in the late 2000s or San Bernadino in California.
The guy who promoted this ballot proposition, Pete Marroco, is a billionaire who doesn't live in Dallas at all, he lives in a separate enclave municipality called Highland Park. Also he was photographed at the January 6th 2021 riot. And voters fell for it.
Dallas can die. It's undeserving as a city. The metro will grow without it. The real regional core is DFW airport and there's arguably more office jobs in the Plano/Frisco area than Downtown anyways.
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