The full year 2015 budget for the Missouri City Recreation and Leisure Local Government Corporation projects a net income (loss) of -$411,864 for full year 2014 and one Missouri City resident thinks the loss is a “bargain” for two 18-hole golf courses & the City Centre subsidized by Missouri City taxpayers.
From the LGC Summary Overall Operation:
“For FY2015, the LGC is budgeting for revenues of $3,684,555 and expenditures of 3,681,121.
Net for FY2015 would be $3,434.50.
This is compared to the projected net loss for FY2014 of ($411,864).”
When a copy of the LGC’s March 31, 2014 balance sheet was published on social media, residents questioned the $141,000 in cash while payables were $17,942.
Missouri City Mayor Owens’ “conservative” political hack blogger Charles Adaway then took to his website to condemn the speech of residents— calling them racists.
How dare the serfs of Missouri City question the year after year losses of the LGC! Losing $25k/mo. in taxpayer money is a bargain for two 18 hole golf courses and the City Centre!
Surprised?
Nope, not in the least— Missouri City officials have a history of complaining about dissident residents and “deeming” them criminals .
By some accounts, over $30 million in taxpayer money has been spent seizing the La Quinta and El Dorado golf course properties through eminent domain to build & operate tax subsidized facilities competing with private sector restaurants and fitness centers in the area.
And according to the City Debt Outstanding database of the Texas Bond Review Board, Missouri City taxpayers owe, in principal and interest, over $212,000,000.
Losing $25k per month is a bargain for two 18 hole golf courses and a City Centre all right.
But don’t you dare talk about Missouri City’s bond indebtedness on social media—you might be called a racist if you do.