Disaster in waiting?

I had never heard of a Municipal Management District.

 Wikipedia doesn’t even have anything about them. 

But, then I read about Dallas,TX …

Dallas City Hall took a little-publicized step Wednesday toward creating districts that would give private developers the power to tax and issue public debt. They want to turn three areas into Municipal Management Districts, similar to those already seen in Houston.

In the resolution passed Wednesday by City Hall, taxation can only be levied with the approval of a majority of voters within the district.

I’m still not sure exactly how these work. I assume they would be similar to Business Improvement Districts.

But, when I read that private developers would be able to tax and  issue public debt I shudder.

I like private developers. Private developers are my friends.

I love concrete and fresh blacktop.

But, developers tax and issue public debt?

This entry was posted on Thursday, February 19th, 2009 at 5:26 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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