Amerika

The Clinton years will be remembered as a watershed for this nation; during that time, we switched from being a nation to a life support system for diversity. Every speech began with “diversity is our strength” and it became clear how groups converge on symbolic distractions whether by Communism, capitalism, democracy, or religion.

As the most diverse area in North America, Houston stands out as the flagship of what was then seen as a bright future. China would make our goods, Mexico would handle our basic labor, and Hwite people would run off to office jobs and neurotic lifestyles like were seen on the television show “Friends.”

Like most things however, any symbolic reality takes time to manifest and then be revealed in its mature form. Houston turns out to be not Utopia but Dystopia, since the city is constantly broke despite having a rather obese budget:

Amid Houston’s strained financial outlook, Mayor John Whitmire unveiled a $6.7 billion budget proposal Tuesday, announcing he does not intend to raise taxes or significantly cut city services during the fiscal year starting in July.

About half of Houston’s total budget, or $3.3 billion, goes into a general fund primarily supported by property and sales taxes. The fund covers daily services like policing, trash collection, parks and libraries. The rest is directed to enterprise funds, which are self-sustaining and use fees and charges to pay for specific operations.

With that much money, you would think that the city could handle anything, but it turns out that the high costs of the many enterprise funds required to keep diversity looking functional have doomed the city. It has gone broke and will enter the death spiral of taxing a dwindling group of whitish people to fund the many minorities.

In fact, the first steps have already been taken toward tax increases to fill the gap after diversity mayor Sylvester Turner spent all the reserves on still-unknown items:

Houston must provide a plan to stabilize its finances or risk increased borrowing costs from a lower credit rating, City Controller Chris Hollins told City Council Wednesday.

S&P Global and Fitch Ratings, two of the country’s Big Three credit rating agencies, revised the city’s rating outlook from “stable” to “negative” in recent months, in part because the city has increased debt service costs without a plan to raise revenue.

Hollins’ warning comes a week before the city’s finance director is scheduled to propose a property tax rate, which several council members have advocated to raise to cover a projected deficit in 2026.

With its credit ratings cut, the city faces more expensive debt service; it will cost it more money to borrow the same amount. The slashed credit ratings reflect a lack of faith in how the city budget is run and in the belief that the city will be able to repay its loans in time.

At the same time, as is typical in diversity cities, scandals proliferate those benefiting from the system find ways to bring in more money:

A somber Mayor John Whitmire announced Thursday morning that the Houston controller’s office, headed up by Chris Hollins, was involved in a “pay-to-play” situation that “has to stop.” The mayor alleged that the controller was selling sponsorships to an upcoming city-run investor’s conference.

“I am alarmed, quite frankly—disappointed that I would have to deal with this,” the mayor said at the press conference, noting that he had received calls from investors who underwrite city bonds wondering if they would have to pay $100,000 to attend an upcoming investor’s conference. Sponsorships ranged from $10,000 to $100,000. Proceeds from the event would benefit the nonprofit Houston Forward Fund.

The mayor added Thursday morning, “This is nothing but the appearance of pay-to-play in Houston, Texas, done with city resources, city employees…it’s damaged Houston.”

Despite diversity-is-our-strength, the facts show a city very much in debt and unable to meet its future obligations even under a best case scenario:

The mayor’s office says the fund balance has returned to pre-pandemic levels. However, a credit report shows the city’s budget’s best-case scenario is a $52 million surplus by 2027. In the worst case, it faces a $515 million deficit.

Where does all the money go? It is transferred to the poorest neighborhoods in the city through a number of programs, some of which are enterprise programs that invest money in diversity subsidies, and some of which suspend the city taking tax revenues and in fact require the city to subsidize the poorer and more diverse areas:

The statute lists eight criteria for establishing a TRIZ. They cover a number of conditions but generally describe the conditions as “impair the sound growth of the municipality creating the zone, retard the provision of housing accommodations, or constitute an economic or social liability and be a menace to the public health, safety, morals, or welfare in its present condition.”

When a local government creates a TIRZ, the property tax revenue that the local government receives is frozen. Any excess in future years, the “increment,” is retained by the TIRZ which, for the most part, must be spent on improvements within the boundary of TIRZs. It is very important to understand that the creation of a TIRZ reduces the future property tax revenues for the sponsoring entity(ies).

In 2023, about 70% of the TIRZs’ revenue came from the City. The share contributed by other entities will likely continue to decrease in the future.

Take a look at the wealth redistribution:

The diverse communities of the city are subsidized by the rest, which in addition to the massive influx of illegals causing a school spending spree, transfers wealth from the productive centers of the city to its poorer and less essential sectors. As taxes go up, more people with money leave, and the death spiral kicks in.

Illegal alien diversity factors heavily into this because Houston is building or renovating public schools at a rapid rate to deal with the rising population in its 92% diversity school system:

The proposed $4.4 billion bond covers projects across all 269 HISD campuses, but elementary and middle schools will see the biggest investment.

HISD’s 2012 bond primarily covered upgrades to high schools, leaving campuses serving the district’s youngest learners in the greatest need of maintenance. Two dozen HISD elementary and middle schools were built in the 1930s or earlier, and some have rats, mold and bathrooms filled with standing water, families have told the Houston Landing.

Under the bond plan, 22 elementary and middle schools would be rebuilt entirely, with three of those campuses — Holland Middle School and Pleasantville and Port Houston elementary schools — receiving new facilities on the current Holland Middle grounds. Another 16 would get renovated or expanded, at a total cost of roughly $2.5 billion.

The more money that is spent on diversity, the more that is needed, and the fewer people stick around to pay these taxes. The end result will be a city of impoverished people stealing from each other to subsidize each other, such as is in the case in the third world, while the wealthy go criminal to protect whatever remaining wealth they have.

Tags: death spiral, debt, deficit, diversity, houston, taxes, TIRZ