Leading Indicators

If the County of El Paso were a publicly held company, these two stories would give investors reason to short its stock.

Foreclosures in El Paso County have more than tripled this year compared to the same month last year, while nationally the foreclosure rate has declined by 16.4 percent.

And bond rating company Fitch has lowered the ratings of University Medical Center’s bonds because of the financial problems attributed to the Children’s Hospital.

So maybe the wheels haven’t come off yet, but the lug nuts are loose.

The next time somebody says that we need to raise the salaries of City Council to attract more qualified candidates, point them to the professional salaries of our County Commissioners Court. They’re doing a helluva job.

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