Fis­cal re­spon­si­bil­ity

Houston Chronicle - - WORLD - Alan Jack­son, Hous­ton

Re­gard­ing “City takes first step to­ward tax hike” (Page A3, Thurs­day) the story quotes Har­ris County GOP chair Paul Simp­son call­ing on coun­cil mem­bers to “re­ject this op­por­tunis­tic Tragedy Tax.” He sug­gests that the city should do what the county is do­ing — which I as­sume means is­su­ing bonds.

Per­son­ally, I be­lieve that it is much more fis­cally re­spon­si­ble to try to pay as you go with higher taxes than to try to hide the cost by bor­row­ing. Bor­row­ing money by is­su­ing bonds is sim­ply cre­at­ing an obli­ga­tion for fu­ture gen­er­a­tions, and hid­ing the true cost from the cur­rent tax­pay­ers and vot­ers.

The city is right. A tem­po­rary tax in­crease is pru­dent, trans­par­ent and the right thing to do.

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