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.