Connect with us

Dallas, TX

Dallas management gets a failing grade for finances

Published

on

Dallas management gets a failing grade for finances


The city of Dallas is going to ask voters to pass a bond package of $1.25 billion. Even this much money does not come close to covering the city’s need. Sadly, no money has been earmarked to address the $28 million needed to repair City Hall. Most alarming, it fails to address the pension problem that threatens Dallas.

Voters will have to decide if now is the time to borrow that much money. Dallas has a huge inventory of needs, but voters will have to ask: Is it prudent to borrow more money when we are already in such debt?

A just-released study on the fiscal health of American cities by the Truth in Accounting think tank provides a stark appraisal of Dallas’ fiduciary situation. The city earned a grade of “D.” That’s not the kind of Big D we want. Dallas finished worst among cities in Texas and among the bottom 10 of American cities overall.

Truth in Accounting was founded in 2002 by Sheila Weinberg, a practicing CPA with more than 40 years’ experience. The organization is “dedicated to educating and empowering citizens with understandable, reliable, and transparent government financial information.”

Advertisement

Opinion

Get smart opinions on the topics North Texans care about.

Each year Weinberg’s group studies the top 75 cities in the country and grades their fiscal responsibility. The study also attaches the dollar amount that would be required by every taxpayer to cover the city’s debts. This year Dallas finished 63rd out of the 75 cities, but improved from the previous year. By contrast, Washington, D.C., finished first and had a surplus of $2.8 billion, creating a surplus per taxpayer of $10,700.

Times have been good for Dallas. There has been Federal COVID-19 relief money, a huge sales tax boom and rapidly rising property appraisals. But somehow the city of Dallas still has a tax burden of $9,600 per resident, according to the Truth in Accounting study.

Even worse, Truth in Accounting reported, “The pension debt included in this report and the city’s financial report is based using 2021 data when pension investments were performing well. If the city’s pension investments experienced the same major decrease that most other cities experienced in 2022, Dallas’ pension debt would be higher. … Dallas had set aside only 61 cents for every dollar of promised pension benefits and no money set aside for promised retiree health care benefits.”

Advertisement

Underfunded municipal retirement programs are a risk to the U.S. economy. “Cities should focus on overfunding their retirement plans so they can weather market downturns,” Weinberg said in a press release. “If elected officials choose to ignore this perpetual issue, then taxpayers will be on the hook to pay higher taxes to cover the benefits promised to past government employees.”

According to the study, Dallas only has $3.4 billion available to pay $7.1 billion worth of bills. This $3.7 billion shortfall is an improvement by $1.9 billion from the prior year. So, the city improved and still earned a D — not good.

Dallas is losing residents. Its population shrank by 0.4% between April 2020 and July 2022, according to U.S. Census data. Even worse, we are losing young families. Many of those move to suburbs, which get high grades by Truth in Accounting. Plano finished third in the country and best in the state, earning it a B and a healthy surplus of $5,100 per citizen. Arlington ranked 16th and also earned a B thanks to its ability to run a surplus.

The budget for the city of Dallas continues to grow larger and larger, yet the delivery of services does not improve. The city offers far more services than it once did and promotes numerous programs. Whether it can afford all these, and if they are essential, is unclear.

I believe the city will have to address its spending habits. The city recently had to sell bonds to pay off its $55 million judgment in a gas drilling disaster. The City Council is already talking about more bonds (outside those in the bond package) to cover repairs at City Hall.

Advertisement

The upcoming bond election is necessary. The city must address its infrastructure. It must also repair the pension funds. Breaking the bond items into individual referendums gives voters the opportunity to determine which rise and fall on their own merits.

The city should not, however, expect a bailout from the state Legislature. Houston, Dallas and Austin have culturally and fiscally seceded from the rest of the state of Texas. The big cities may have a rude awakening when they look for a bailout of their pension funds. The state’s affluence and influence has shifted away from big cities and toward their bustling suburbs.

If Dallas cannot right the ship financially there could be dire consequences. Citizens could see the rising taxes and the elimination of the over 65 property tax exemption. Voters could find themselves thinking about the appropriate level of austerity.

While municipal bankruptcies are rare, they do occur. In 2020, a Pew Charitable Trust study determined 31 cities had done so since 2001, most famously Detroit in 2013. Interestingly, Detroit earned a grade of C in the most recent study, placing 39th. When you are looking up at Detroit in the standings, maybe you need to take a hard look at what you are doing.

The citizen satisfaction survey determined nearly half (47%) of citizens polled believe they are not receiving a good value for their tax dollars. Likewise, only 28% of citizens polled were “pleased with the overall direction that the city is taking.” Dallasites are frustrated with the series of debacles that have befallen the Broadnax administration.

Advertisement

It’s the administration of outgoing City Manager T.C. Broadnax that has determined that City Hall should be borrowing to the max. Can that judgment be trusted? Will our future city manager be as aggressive?

During a boom time, Dallas has increased its debt and earned a failing grade. Now, the city must hire someone capable of properly managing so much money.

We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here. If you have problems with the form, you can submit via email at letters@dallasnews.com



Source link

Advertisement

Dallas, TX

‘No War With Venezuela’ protest held in downtown Dallas after U.S. seizes Maduro

Published

on

‘No War With Venezuela’ protest held in downtown Dallas after U.S. seizes Maduro


Nearly 200 people gathered Saturday evening for a “No War With Venezuela” protest in downtown Dallas, mere hours after U.S. President Donald Trump carried out the most assertive American action for regime change since the 2003 invasion of Iraq.

Following months of secret planning, Trump said Venezuelan President Nicolás Maduro and his wife, Cilia Flores, were captured early Saturday at their home on a military base.

During a news conference, Trump revealed his plans to exploit the leadership void to “fix” the country’s oil infrastructure and sell “large amounts” of oil to other countries.

Trump said the U.S. would run Venezuela until a transition of power takes place, though it remains unclear how the U.S. would assume control.

Advertisement

Breaking News

Get the latest breaking news from North Texas and beyond.

By signing up, you agree to our Terms of Service and Privacy Policy.

In Dallas’ Main Street Garden Park, signs reading “U.S. hands off Venezuela” were met with honks by passing vehicles as participants chanted: “Venezuela isn’t yours, no more coups, no more wars. We know what we’re fighting for, not another endless war.”

“We are gathered here today because injustice has crossed another line,” Zeeshan Hafeez, a Democratic primary candidate for Texas’ Congressional District 33, said as he addressed the crowd. “This is not just about Venezuela. This is not just about Gaza.

Advertisement

“This is about whether America will be ruled by law or force.”

Demonstrators gather at the corner of Commerce and Harwood Streets during a ‘No War with Venezuela’ protest at Main Street Garden in downtown Dallas, Saturday, Jan. 3, 2026.

Elías Valverde II / Staff Photographer

Rick Majumdar, a member of Freedom Road Socialist Organization Dallas, told The Dallas Morning News that the message of Saturday’s collective action was simple: “We don’t want the United States to go to another war for oil.”

“The people of the United States should stand in solidarity with the people of Venezuela, as well as stand against the oppression that is happening to immigrants in this country,” Majumdar said. “Stand in solidarity with both Venezuelans in the United States and those in Venezuela.”

Advertisement

Related

Community members chant during a

Maduro and his wife landed Saturday afternoon in New York to face prosecution for a Justice Department indictment accusing them of participating in a narco-terrorism conspiracy. The indictment painted the regime as a “corrupt, illegitimate government” fueled by a drug trafficking operation that flooded the U.S with cocaine.

Lawmakers from both political parties have previously raised both profound reservations and flat-out objections to U.S. attacks on boats suspected of drug smuggling near the Venezuelan coast.

Congress has not specifically authorized the use of military force for such operations in the region, and leaders said they were not notified of the plan to seize Maduro until it was already underway.

“I’m appalled that we broke a law and decided that we can invade a country and capture their leader,” said Cynthia Ball, of Amarillo, at the Dallas protest. “Normal citizens like ourselves can’t do a lot at a governmental level, but if we band together and stay informed, hopefully we can get our city to see what’s happening.”

Other officials, including Secretary of State Marco Rubio, supported the move, explaining the secretive nature was necessary to preserve the operation’s integrity. House Speaker Mike Johnson, a Republican, called it a “decisive and justified operation that will protect American lives”

Advertisement

Venezuela’s vice president has demanded the U.S. free Maduro and called him the country’s rightful leader.

The Associated Press contributed to this report.



Source link

Continue Reading

Dallas, TX

Carla Rockmore went from Dallas carpool mom to fashion force

Published

on

Carla Rockmore went from Dallas carpool mom to fashion force


Carla Rockmore has 1.3 million followers on TikTok and her own fashion line, but there was a time when she was just another carpool mom in North Dallas, wondering what happened to her dreams. “It was challenging,” she says. “The guard at school would tell me I couldn’t idle the car in line while waiting to pick up my kids. What are you talking about? It’s 110 degrees!”

A Montreal native, Rockmore enjoyed a globe-trotting early career, leaving fashion school in Toronto for a couture house in Amsterdam. After returning to Canada, she toggled between corporate and boutique gigs, but motherhood meant slowing down. In 2012, her family moved to Dallas so her husband, Michael Stitt, could become CEO of the menswear brand Haggar Clothing, but Rockmore struggled to find industry work in Texas.

Fashion is about transformation, though, and Rockmore underwent a dramatic one. In March 2020, she was in India working to launch her own jewelry line when the pandemic hit, and she had to come home. Frustrated and looking for escape under quarantine, she started making videos in her closet, part practical stylist advice, part creative riff. She was a natural on camera, with her dark spiraling hair and outsize personality, trying on outfits that ranged from classy to wacky. “It was a convergence of my education and talent, my need to be in front of a stage and a void in the market,” she says. She became a social media phenomenon.

Architectural Digest has featured the closet in her Preston Hollow home, a two-story Narnia of color, spangle and swish so expansive it includes a spiral staircase and fireplace. But the real lure of her videos is a 50-something woman taking delight in the art of dressing up. “Our media don’t show us so many examples of women this age who know who they are and clearly like it,” New York Times Magazine said about Rockmore.

Advertisement

News Roundups

Catch up on the day’s news you need to know.

By signing up, you agree to our Terms of Service and Privacy Policy.

Now 58, Rockmore has a line of clothes on her website as well as through QVC. Many of her videos these days feature Ivy, the 21-year-old daughter whose gender transition became part of the tale, bringing new meaning to Rockmore’s TikTok slogan of self-expression through fashion. (Her 24-year-old son, Eli, helps behind the scenes.) I spoke with Rockmore over the phone, where she was as charming as she is in her videos.

“Fashion matters, because it’s a declaration of how you’re feeling without words,” says Carla Rockmore, who has a clothing line on QVC and her own website.

Advertisement

Stewart Cohen

This is a first for me. In researching the clothes on your website, I actually bought the wrap shirt dress in marigold. I haven’t even started this interview, and I’m already out $55.

Ooh, you did? I love it! That dress is sort of the ethos of my design, where clothing is your canvas, and jewelry and accessories are your paint. You can dress it up however you want. I think color is one of my fortes, because my mom was a painter. Proportion, color and shape were dinner conversation.

I’m not much of a trend person. I’m more like, “I love it, now I’m going to wear versions of it for the rest of my life.”

How do you describe Dallas to people who have never been here?

Advertisement

Dallas is a strange juxtaposition. On the good side, you have some of the nicest people in the world. Being a Northeastern girl, I was completely floored when I moved to a place where people strike up conversations in line at the coffee shop. I kept looking over my shoulder thinking, What’s happening? What’s the ulterior motive? But it never came. They’re just genuinely nice.

The downside is that every strip mall looks exactly the same. I once got lost driving around a strip mall in Plano because I thought I was in Preston Hollow. Same Chico’s, same Starbucks. And everyone drives everywhere. I once tried to walk a single block, from Elements on Lovers near the Tollway to my chiropractor across the street, and while I was walking along the underpass, a woman pulled over and asked, “Are you OK, dear?” I said, “I’m just walking,” and she looked at me like I’d completely lost my mind.

How do you describe Dallas fashion?

Hidden. There’s incredible fashion here, but it doesn’t announce itself. It’s not going to smack you in the face, and I think that’s because Dallas isn’t a walking city. I’m always floored when I go to Forty Five Ten or to the downtown Neiman’s. Fashion here is a destination. You have to go to the restaurant, the party, the bar, and when you do — you will see it.

And no matter where I am, I could be going to the doctor for a physical, if I’m wearing a great pair of shoes, another woman will inevitably stop me and say, “Those shoes! Where did you get them?” That’s a kind of sisterhood. In New York, nobody ever asks about your shoes.

Advertisement

You went viral for putting outfits together, something others might find frivolous. Can you make the pitch that fashion matters?

Fashion matters, because it’s a declaration of how you’re feeling without words. It’s also a barometer of what’s going on in the world. I find fashion history so fascinating, why certain pieces of clothing were adopted at certain times.

In the 1910s, hobble skirts restricted women’s movement so completely that in cities like New York and Vancouver, they lowered the streetcars to allow women to get in and out. By mid-century, the story had flipped: Cars and fenders echoed the streamlined silhouette of the pencil skirt popularized by Christian Dior. From hoop skirts to hobble hems to pencil skirts, fashion has always shaped how we move, what we build and how the world makes room for us.

The closet gets used as a metaphor for repression, staying “in the closet,” but your closet has been an engine of self-discovery. Eventually, this became true in your own family, too. Can you talk about how Ivy started joining you in the videos?

Ivy was there from the beginning, because I was doing 10-minute videos on YouTube for my girlfriends up in Canada. I had 91 followers, and I was happy about that! The only reason I blew up was because Ivy said, let’s take it down to a minute and put this on TikTok.

Advertisement

Then Ivy came to me crying one day. Actually, we were in the closet. She said, “I don’t think I’m gay. I think I’m trans.” I felt so bad for her, because she said, “I’m so tired of coming out, Mom. I’m so tired of not being who I am.” At that point, I still naively thought it was a choice, and I was so afraid she was choosing a harder path. But I quickly decided, we’re going to support, full-force. About a week later, she and I did our first video together, because I wanted her to feel not only accepted by her family but also pretty, feminine — all those qualities she’d been craving for the first 17 years of her life. I wanted her to catch up to herself.

I thought, I don’t know if there are a lot of other parents in this situation, but maybe the benefit of my platform is we can show a “normal” family — then again, what’s normal? — modeling what it’s like to accept your child no matter who they are. Sometimes I feel like that’s the whole reason I went viral. Not for my fashion, not for my self-expression. For hers.

Hepola: Cowboy Rocker Steiner ditched school in fourth grade — and still won the world

The Weatherford bareback rider blazed an unconventional path to the National Finals Rodeo, including a “Yellowstone” cameo and clashes with authority. It’s just the family way.

Flipstone owners, from left, Jesse Iglesias, Dancing Iglesias and Lily Mekeel. (Steve...
Thriftmas is coming: How vintage Christmas shopping got cool

Secondhand gifts had stigma once, but stores like Fort Worth’s Flipstone are changing that.





Source link

Advertisement
Continue Reading

Dallas, TX

1 person fatally shot at West Dallas convenience store, police say

Published

on

1 person fatally shot at West Dallas convenience store, police say



One person was fatally shot at a West Dallas convenience store Sunday morning, police said. 

Advertisement

The Dallas Police Department said just before 2:50 a.m., officers responded to a shooting call at a 7-Eleven, located in the 1800 block of Sylvan Avenue. When they arrived, officers found one person had been shot. 

Dallas Fire-Rescue arrived and transported the victim to the hospital, where they died of their injuries. 

DPD said the investigation is ongoing and no arrests have been made at this time. The name of the victim has not been released. 



Source link

Continue Reading

Trending