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Posts Tagged ‘economy’

Republican voters are “meh” on the bathroom bill

From the inbox: The Texas Association of Business conducted surveys in five GOP-controlled legislative districts across the state the week of July 24th. “Texas business has long opposed the bathroom bill because it is unnecessary and will have significant negative economic impact on Texas.  The significance of these surveys, is the voice of individual Republican […]

The economic impact of SB4

It could be big. Representatives from Texas’ business, local government and higher education sectors argued Tuesday that the state’s new immigration-enforcement law, which is slated to take effect Sept. 1, could do billions of dollars in damage to the Texas economy. Using data from the 2015 American Community Survey and the Bureau of Economic Analysis, […]

Still more big businesses against the bathroom bill

It’s like there’s a strong, overwhelming consensus or something. Top executives of big oil companies and other major Houston firms and organizations on Monday weighed into the political dogfight over the controversial bathroom bill, calling on Gov. Greg Abbott to block passage of the legislation that they warned will harm Texas’ ability to grow its […]

Abbott versus the cities

The continuing story. If Gov. Greg Abbott has disdain for how local Texas officials govern their cities, it didn’t show in a Wednesday sit-down with three mayors who were among 18 who jointly requested a meeting to discuss legislation that aims to limit or override several municipal powers. “Whether we changed anybody’s mind or not, […]

Texas’ climate change future

Gonna be awesome. The Texas economy could face some of the costliest consequences of climate change as temperatures continue to increase over the next several decades, according to a new study. In the study published last week in the journal Science, researchers found that the economic burden of climate change will hit states along the […]

The Arizona experience

This is what Texas has to look forward to post-SB4. Seven years in, Arizona’s experience hints at what Texas, with the nation’s largest Hispanic population after California, might expect. Supporters of Arizona’s legislation say it has worked, helping to reduce the number of immigrants illegally in the state by 40 percent between 2007 and 2012, […]

Super Bowl economic impact was about what we expected

Not too bad. The receipts are in, and February’s Super Bowl LI appears to have been a substantial boon for Houston — albeit with slightly less spending than expected. Gross spending during the nine days of Super Bowl programming, minus the amount of usual tourism displaced by the event, came to $338 million, according to […]

Bill King wants you to lower his property taxes

That’s not what he says in this op-ed, but it is the effect of what he’s arguing for, even if he’s not honest enough to come out and say it. Let’s start with the basic point that despite King’s disingenuous attempt to rebrand it, what the city has is indeed a revenue cap and not […]

Another study of bathrooms and business

Short answer: Bathroom bills are bad. Legislation viewed by many as discriminatory toward LGBT Texans — including proposals to regulate which bathrooms transgender individuals may use — could cost the state $3.3 billion in annual tourism dollars and more than 35,600 full-time jobs associated with leisure travel and conventions, according to a study by the […]

Harris County’s growth slows

We’re still growing, we just didn’t grow as fast last year as we had in previous years. After eight straight years of boom – adding more new residents than any county in the nation – Harris County in 2016 felt some of the oil bust’s sting. The county gained a total of about 56,600 people […]

The North Carolina bathroom bill price tag

How does $3.76 billion, at a minimum, grab you? Despite Republican assurances that North Carolina’s “bathroom bill” isn’t hurting the economy, the law limiting LGBT protections will cost the state more than $3.76 billion in lost business over a dozen years, according to an Associated Press analysis. Over the past year, North Carolina has suffered […]

SB6 is already costing us business

There will be lots more of this to come as it advances. Three groups — with meetings estimated to bring $3.1 million in total spending — no longer are considering the Alamo City for their events because of a bill prohibiting transgender Texans from using bathrooms tied to their gender identity, said Richard Oliver, spokesman […]

Global investors against SB6

From the inbox: Led by New York City Comptroller Scott M. Stringer and Trillium Asset Management, a group of some of the largest investors in the world, with a combined $11 trillion of assets under management, today spoke out against Texas Senate Bill 6 (or SB6), a “Bathroom Bill,” as well as similar discriminatory legislation. […]

Houston’s tourism business

People like to spend money here. In particular, people from Mexico like to spend money here. Mexicans are the largest group of international tourists who visit Houston – and recently, their numbers have grown. In 2015, Houston received 2.5 million international tourists, 1.8 million of whom came from Mexico. In 2016, the convention and visitors […]

Politifact muddles the economic debate over SB6

This doesn’t change anything, but we must fuss about it anyway. In what appeared to be an attempt at a show of force, Lt. Gov. Dan Patrick on Monday once again attacked claims that the proposed “bathroom bill” is bad for business in Texas. Flanked by nine Republican senators — including Senate Bill 6 author […]

Dan Patrick and the wall tax

Hey, you know who’s going to pay for Dear Leader’s wall? You and me and everyone else in the country. The Trump administration sparked widespread surprise Thursday by announcing it intended to implement a 20 percent tax on Mexican imports to pay for a coming border wall — followed by extreme confusion when it appeared […]

The Super Bowl economic impact calculators have figured out it’s all a game

They’ve adjusted their methods in anticipation of your criticisms. With less than a month to go before the big day, let no one say that Super Bowl LI — as an economic event, not a football game — has been inadequately forecast. We’ve already seen two studies on the financial boost that the two-week extravaganza is expected […]

Here’s your 2018-19 revenue estimate

It’s pretty mediocre. Facing sluggish economic forecasts amid low oil prices along with billions in tax revenue already dedicated to the state highway fund, Comptroller Glenn Hegarannounced Monday that lawmakers will have $104.87 billion in state funds at their disposal in crafting the next two-year budget, a 2.7 percent decrease from his estimate ahead of […]

What’s going on with Metro’s ridership numbers?

I have no idea what to make of this. Houston’s heralded bus system redesign – garnering kudos from local riders and transit supporters around the country – is running into the reality that nothing can boost transit when fewer people are riding to work. When the Metropolitan Transit Authority revamped its bus system in August […]

Who is paying for public education

The state is paying less, while local districts are paying more. The state of Texas will spend a projected $40.5 billion on public education during the current 2016-17 budget period, and when state officials tell you they’re spending more on education, they’re telling the truth. Not all of the truth, but some of it. Their […]

On welcoming immigrants

Mayor Turner puts out the welcome mat for a key part of Houston’s community. A press conference Monday morning to announce the unveiling of Houston’s Office of New Americans and Immigrant Communities evolved into a denunciation by city officials of President-elect Donald Trump’s rhetoric toward immigrants and refugees. With portraits of Mahatma Gandhi and Martin […]

More on the cost of a bathroom bill

Whatever one thinks of the Texas Association of Business, you have to hand it to them for their lobbying focus on the great potty issue. With the legislative session just weeks ahead, the Texas business community is digging in its heels in opposition to Texas Republicans’ anti-LGBT proposals, warning they could have dire consequences on […]

Judge issues injunction against overtime pay change

Because of cours he did. Millions of low-paid supervisors would have become eligible for overtime pay next week, but a federal judge in Texas blocked that path late Tuesday afternoon, ruling that Congress intended duties, not wages, to determine eligibility for overtime and minimum wage. U.S. District Judge Amos L. Mazzant, sitting in Sherman, issued […]

How much is that bathroom bill worth to you, Danny?

Is it worth $8.5 billion and 185,000 jobs? The Texas economy stands to lose $8.5 billion and 185,000 jobs if anti-LGBT legislation passes in next year’s session, according to an analysis from the Texas Association of Business, the state’s chamber of commerce. The TAB analysis is based on actual or projected losses in four states […]

East End former KBR site sold again

I’d forgotten all about this. When a sprawling tract of land lining Buffalo Bayou east of downtown hit the market three years ago, some of Houston’s most prominent observers of urban development put forth ideas about what could be done with the 136-acre site boasting both water and skyscraper views. Visions for the property included […]

Our bioscience future

Looking bright. Biotechnology continues to grow in Texas, contributing to the state’s overall economy by adding jobs, making strides in research and innovation and last year attracting $1 billion in federal funding for research, a new report on business development from a biotechnology trade association found. As the Texas economy struggles under the weight of […]

Council unanimously passes Turner’s first budget

Good job. Mayor Sylvester Turner achieved his goal of securing unanimous passage of his first general fund budget Wednesday morning, a month ahead of the typical schedule and after an unusually brief and uncontentious discussion of council members’ proposed changes. The $2.3 billion general fund budget, which pays for most basic city services with revenues […]

The state is starting to feel the squeeze

Things are tough all over. The state is facing big problems affecting vulnerable populations that will take significant money to fix at the same time that a slump in the energy industry is chipping into its revenues, House Speaker Joe Straus warned Tuesday. “Writing a balanced and disciplined budget that appropriately funds our top priorities […]

Turner announces his budget

From the inbox: Utilizing a shared sacrifice approach, Mayor Sylvester Turner today unveiled a proposed Fiscal Year 2017 General Fund budget that eliminates a projected $160 million shortfall that was the result of cost increases, voter imposed revenue limitations, a broken appraisal system and the economic downturn. The budget totals $2.3 billion, which is about […]

Have I mentioned lately that the revenue cap is stupid public policy?

Because it is. Sales taxes are Houston’s second-largest source of revenue for the general fund, which pays for most core services. Just as concerning for city officials, however, was more news about the city’s largest general fund revenue source: property taxes. Mayor Sylvester Turner, as he did in February, criticized what he said is an […]

Final Four weekend was pretty good for Houston

We’ll take it. Beyond the basketball court, the Houston economy appears to be the big winner of the Final Four. Across the city, several restaurants, bars and hotels reported big boosts in customers and cash flow, as an estimated 70,000 out-of-town basketball fans arrived for the NCAA men’s basketball championship. Organizers say those fans could […]

Lawsuits and low oil prices

Both are threatening the next Texas budget. Last week, lawyers for the state of Texas got the latest in a string of bad legal news. A lawsuit challenging the state’s foster care system as inhumane appeared to gain steam when an appeals court rejected the state’s request to stop the appointment of two “special masters” […]

We’re still growing

The collapse of the oil boom has not slowed down Texas’ rapid population growth. The Houston area added more people last year than any metropolitan region in the country, continuing its exceptional growth of the last decade and a half, according to new U.S. Census Bureau data released Thursday. Combined, the greater Houston metropolitan area, […]

Prepping for the city budget

Mayor Turner gives a brief preview of what is to come. Mayor Sylvester Turner said Friday that he expects to lay off 40 city employees and eliminate 54 vacant positions as he seeks to close a budget shortfall of as much as $160 million, his first public estimate of the personnel reductions required to balance […]