Big Jolly reports on a new candidate.
There are two powerful elected positions in the City of Houston: Mayor and City Controller. So naturally I was curious when I heard that someone was going to challenge the incumbent Controller Ronald Green. Meet Bill Frazer. The press release announcing his candidacy stated:
“The Controller is an elected position and should report directly to the voters, not to the Mayor or to City Council. The office should serve as a watchdog for the taxpayer dollars and not as a rubber stamp. It’s vitally important to make sure that Houston taxpayers are fully informed on a timely basis about all spending programs. I will make sure there is more transparency and easier access to the City’s financial information.”
Well, that was a good start – no elected official should serve as a rubber stamp for anyone. And the fact is that the City of Houston’s finances are a mess right now. And frankly, in four years, the incumbent, Ron Green, has done nothing to help. I mean, like, literally zero. So I decided to meet the challenger and find out if he is for real or a pretender. Fortunately, he’s the real deal – his qualifications for this job cannot be challenged.
Mr. Frazer is a past President of the Houston CPA Society and has served on the Board of Directors of the Texas Society of CPAs for the past 25 years. As such, he is in a position to be able to tell us the true position of the finances of the City of Houston. Although those finances are bleak, he didn’t come across as an alarmist at all. In fact, he seemed to approach the problem as something that can be solved if politicians are truly transparent and willing to fix them. I think that his frankness is rare these days – are you as tired as I am of “chicken little” forecasts?
When I pointed out to him that the incumbent has touted “transparency” in his tenure, Mr. Frazer objected, stating that transparency is more than simply putting out a report on Friday afternoon at 5:30pm with details buried in the content of a large “report”. For instance, did you know that the property valuation that the City of Houston can tax has declined by 14% during the period between 2003 and 2012? I surely didn’t – it is because of TIRZ’s and other “exemptions”.
The worst statistic that Mr. Frazer showed me was the increase in the amount of money that the City has paid in “fees” to service the City’s debt under the incumbent’s reign: the City has gone from paying $2.53 million per $1 BILLION in floating rate debt to paying $10.19 million. Why?
The full press release can be seen here. Frazer doesn’t have a webpage that I can find, and his personal Facebook page, which was created on February 19, is limited to friends, so this is all I know about him. I will note that his claim about property valuations appears to be wrong, according to one of the commenters on that post who did a little digging, and that explanation about TIRZes doesn’t jibe with my understanding of how they work. Perhaps this is a transcription failure on Big Jolly’s part, I don’t know. Be that as it may, as I noted the last time the subject of an opponent for City Controller Ronald Green came up, an incumbent Controller hasn’t faced opposition since 1997, when Sylvia Garcia defeated Lloyd Kelley.