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Comment on COLUMN: More spending, less debt — here’s how Boulet’s budget compares to Guillory’s by Max Rickett
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Comments for The Current
From $6 million of sales tax revenue to $7 million, and $56 million in property tax revenue to $70 million.
Over the city’s five-year capital improvement budget, there actually wasn’t much difference between what Guillory and Boulet had budgeted total, with $407 million for Guillory and $411 million for Boulet.
Additionally, Guillory’s budget accounted for $91 million in sales tax revenue with $27 million in annual debt service, for a debt service coverage ratio of 3.
Boulet’s budget has $105 million in sales tax revenue against $25 million in debt service.
To be fair to Guillory, Boulet has a lot more money to spend without having to take on debt.
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