Saturday, October 25, 2014
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

Lost & Found


VideoLost Dog! Golden/Pyrenees mix, Kaiha, was last seen October 11 - Hwy 119 - Denhawken area. Was wearing collar (Drama Queen). Please help us find her! Call Billy 210-745-6059. Thank you!
Lost: Black female Chihuahua named Gloomy and black male Chihuahua named Rico, from CR 126, Floresville, missed dearly by their family! Call 210-428-3803. 
Lost: Diamond set in gold mounting prongs, fell off my wife's wedding ring, in Floresville, reward offered. 210-867-1319.
More Lost & Found ads ›

Help Wanted

Local Oilfield Construction Contractor is now accepting applications for all pipeline and facility positions in the Karnes County area. E-mail resume to JJMTexas@yahoo.com. 
Pleasanton Title Company seeks experienced Abstractor, salary to be based on experience. Call 830-569-5169 (Dorothy) or send resume to dorothy@reliabletitlecompany.com.
More Help Wanted ads ›

Featured Videos





Video Vault ›
Richardson Chevrolet homeTNMCRE/MAX home
Report Comment

Please complete the form below in order to alert us to the following comment. If you have questions about our policy regarding comments please reference our Terms of Use page.

Untrue Resident  
Floresville  
September 20, 2012 7:48am
 
DTR, I am not sure you are doing all the research on the revenues and expenditures of the economic development corporations. Look at FEDC (4B) and Convention Center (4A) financial reports. Reports can be found at the Texas Comptroller of Public Accounts. http://www.texasahead.org/tax_programs/typeab/reporting.php

Below is the mess you are telling me is no risk. If the FEDC or 4A doesn’t pay their bill, the City of Floresville must (State Law).

4B: FEDC
2011: Revenue: $540k ($456k sales tax) Expenditures: $927k Differences: -387k
2010: Revenue: $447k ($408k sales tax) Expenditures: $705k Differences: -258k
2009: Revenue: $421k ($405k sales tax) Expenditures: $649k Differences: - $228k
2008: Revenue: $404k ($388k sales tax) Expenditures: $435k Differences: -$31k +1.5M (Bond)
2007: Revenue: $354k ($348k sales tax) Expenditures: $477k Differences: -$123k
Sports Complex $2.1M over 30 years at 3% (generous rate): $106k/year or $150k at 6%
Add personnel cost and administration cost and other FEDC costs, the annual average cost of operating FEDC is $125k/year. It will take $106k/year to service the debt on the sports complex plus the city will pay for maintaining. Add on the cost of FEDC operating costs of $125k/year and FEDC annual costs will be $231k. So, yes if the FEDC stops spending money on other things it would be able to support the Sports complex as its Sales Tax revenue is over $540k/year and will go up. However, FEDC has run a deficit the past 5 years that I have shown and is public record. Further, the rate for loan has not been announced but it will be likely closer to 6% with some financing fees around $100-200k. So, annual principal and interest payments will be closer to $150k. Spending $150k plus maintenance costs on a couple of sports fields should be voted on by the Citizens of Floresville or at least the Citizens should have more input on the priorities of the FEDC. FEDC should be creating better than grounds keeper jobs for the City of Floresville because they are on the hook to maintain it. FEDC just paid FISD $200k plus is promising McCoy’s $270k. FEDC cannot serve two masters. Is FEDC for job growth or resident entertainment? FEDC promised lots of job training. Where is that money? Instead of funding a turn lane for the convention center, how about funding other infrastructure? FEDC paid $700k for the sewer upgrades at Wal-Mart when the funding could have been used for more important sewer upgrades. How is FEDC going to pay for all the upgrades required in the industrial park? I would like open discussions and real number debates. At the end of the day, maybe a sports complex is the best for the residents not because of job growth, but because we would like more local entertainment. Please make that argument and I would more likely support the complex, but someone has then got to reel in FEDC as year after year of deficit is a risk for the City of Floresville.
     
     Your Full Name: We will not publish your name or e-mail address as a result of reporting this comment. We request this information in the event that we need to contact you with follow-up questions. You will not receive any unsolicited e-mail by using this form.
Your E–Mail:
Reason:
Your Comments:
   

Southern Electric & Lighting right
Liberty Gun Show
Caraway Ford
Carrie Moy
Michelle Tackitt election
Sara Canady Political ad
Paul Pfeil political ad
Abrego Lake
Sherwood Surveying
DDS Dentures & Dental Services Right-side banner
Floresville EDC
Russell Wilson political
John D. Foster home
Pat Brown Realtors, Inc. home
WCN border security forum 10/3/14
Pursch Motors
Hoelschers home
Heavenly Touch homeTriple R DC ExpertsBlue Moon Karaoke & DJAllstate & McBride RealtySacred Heart SchoolChester WilsonDrama KidsWilson's Auto ChooserVoncille Bielefeld home

  Copyright © 2007-2014 Wilson County News. All rights reserved. Web development by Drewa Designs.