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Non-Disclosure
of Residential Property Sales vs Commercial!
6/22/09 |
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David Tuthill |
It is ironic that The
Dallas Morning News has slanted City Hall's budget deficit as
due to the "non-disclosure of residential home prices". Historically, it has
been a common practice of commercial
property owners to not disclose sales prices.
In the 2007 Texas legislative
session, when it was proposed to make mandatory the disclosure of
commercial property sales, the legislation was defeated with the help of former
Representative Fred Hill (Rep., Richardson) who now is paid as a
lobbyist to the tune of over $600,000.00 with our tax dollars by the same
municipalities who awarded him praise for his efforts on their behalf!
While we have heard what it to be cut from the city budget (libraries, park
recreation centers etc.), we have not heard how the rest of the budget will
be spent. We have seen no effect on the must have
Trinity Toll Road (that has
been dealt a sever blow by "sand in the levees"), or
The public owned hotel
(that was narrowly passed by voters), or
Covering Woodall
Rogers Freeway with a park.
How are our city
leaders setting examples for the 700+ to be laid off employees? Are
council members and upper city management taking pay cuts? Are they curtailing travel
expenditures?
I recall the million dollar improvements spent in
October 2008 to make city hall more welcoming; improvements that included a $70,000 TV
set/monitor. I also recall an out of town get-away that the city
council went on. What other
examples are out there of questionable spending or our city leaders tightening
their financial spending belts?
In short, you can't have it both ways with commercial property owners
historically getting away with non-disclosure of sales prices at the expense
of homeowners. Cutting city services while maintaining big budget-breaking projects that in their nature are questionable at best.
Homeowners, especially those who can afford high dollar homes and
high dollar property tax representation, are finally doing what commercial
owners have been doing (with the legislatures and municipal government's
blessing) all along.
David W. Tuthill
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