El Paso is poor.
According to U.S. Census Bureau estimates, there were 267,376 households in El Paso County in 2016, with a median family income of $42,165. (Median income means that half of those 267,376 households made less than that, and half made more.) Those 133,188 households that made less than $42,165 have extremely limited household entertainment budgets. Yet, by building expensive entertainment venues with public funds, the City is foisting a property tax increase on those struggling households.
What’s it cost to feed a family? To buy them clothes? To put a roof over their heads? To send them to school, and get them shots, and save for higher education?
What’s it cost to get to work? To maintain a car? To dress for work, whether it’s a uniform or blue jeans and sturdy shoes?
What’s it cost to retire?
Lots of El Pasoans, and not just the poor, are cutting it pretty thin. A single minor catastrophe is a major crisis. An illness or an accident can derail a future, maybe for a generation. Maybe forever.
Our ruling class is either ignorant of indifferent to the situations of our community’s poor. They’ve been other places, and seen how other places do things. Never mind that El Paso is the poorest Metropolitan Statistical Area of its size in the U.S. (The only comparable MSA is McAllen–Edinburg–Mission, and we’re not modeling that.) Never mind that El Paso is culturally, economically, and geographically unique.
Never mind that since we embarked on this grand experiment in 2012, our population growth has flatlined, and our tax base is collapsing.
Our ruling class lives in a bubble. The rest of us can eat cake.
I like charts to see how poor we really are. Here’s a good chart, or a bad chart. You decide:
http://www.bestplaces.net/economy/city/texas/el_paso . Disregard the commentary from the peanut gallery on that page, or don’t. Does any of it matter? Mexicali Jr. or we want Gavacholand and we want it now! Poor is poor.
Our representatives ignore the obvious, but hey, lookie over here, yet another shiny bauble we can’t afford. Who’s counting? All those million dollar tax write offs for corporations who are in no need of a brownish teat to suckle.
City reps disrobed the whole lot of us, laying bare the milk of our collective kindness? When does the blood-letting commence?
El Pasoans are poor, and the debt of El Paso the City debt is increasing. That means the poor of El Paso will be taxed even more in the next 30 years. Check out these stats from a JPMorgan study.
http://www.zerohedge.com/news/2017-10-05/these-two-charts-depict-which-cities-will-file-bankruptcy-next
http://www.elpasoinc.com/news/local_news/county-looks-for-respect-in-incentives-game/article_8c35b906-a6d0-11e7-bc6c-6b0914e07d29.html Well, well, well….that’s a deep subject.