New and de-proved was about the airport using a 1% growth rate in car rentals compared to the 6.1% shortfall that the city is experiencing with hotel occupancy taxes this year.
The February numbers for the airport show a 6.2% decrease in passenger traffic from last year. Freight is down 11.4%.
Last week the city revealed that they project city revenues to fall short of budget by 7.35 million dollars. With hotel occupancy taxes down the city will eventually have to dip into the general fund to pay for the ball park.
Home foreclosures in February doubled over last year. New home building permits are falling short of budget by 28.54%.
The Wright amendment is set to expire later this year. We should see fewer airline flights from Southwest Airlines as they will then be able to bypass El Paso on their way to the west coast.
Contracting
We are not growing economically. None of us know how long this will last or how bad the situation will get.
Isn’t it time that we get the city’s finances aligned with reality?
We deserve better
Brutus
Posted by Brutus
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