Moody’s Ratings on Thursday downgraded the city’s debt outlook from “stable” to “negative” citing the expected impact on Dallas’ credit due to the passage of...
Moody’s cited the city’s reduced financial flexibility, with at least 50% of annual excess revenue now required to go to police expenses.Moody’s Ratings on Thursday downgraded the city’s debt outlook from “stable” to “negative” citing the expected impact on Dallas’ credit due to the passage of Proposition U limiting how the city spends its money amid growing operating expenses.
“Given the economic strength, revenue growth will help the city balance budgets but expenditure cuts may be necessary,” Moody’s report said.who warned their financial impacts could be detrimental to nearly all city services outside the police department. Supporters of the propositions argued they were necessary to improve public safety, police response times, recruitment and government accountability.Everton covers Dallas city government.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Election 2024: What are the Dallas HERO amendments?There are three controversial, voter-driven amendments on the November ballot that could have a big impact on the budget and public safety in Dallas. It will be up to Dallas voters to decide if they are beneficial or harmful.
Read more »
Dallas Hero's proposed charter amendments scrutinized ahead of early votingDays before polls open for early voting on Monday, former mayor Tom Leppert and Dallas Hero executive director Pete Marocco verbally sparred in front of a...
Read more »
Coalition of elected officials go door-knocking against Dallas HERO propositions S, T and UPast and present officials fanned out across the city and spent hours knocking on doors on Saturday against a trio of controversial ballot propositions...
Read more »
Ashton Jeanty says he could be ‘hometown hero’ if drafted by Dallas CowboysBoise State running back Ashton Jeanty knows he would be a hometown hero with the Cowboys.
Read more »
Dallas Hero propositions could have unintended consequences, experts sayIt would be historic if voters approved three charter amendment proposals backed by Dallas Hero and touted as a way to address public safety and government...
Read more »
Dallas Hero prop would cripple City Hall under guise of accountabilityProposition S would supposedly give every Dallas resident standing to sue the city for real or perceived violations of city ordinances or state law. The...
Read more »