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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 13, 2008
Page
5
Odessa City Council will review and accept the comprehensive annual financial report for fiscal year 2007. Net assets total 89 million for government activities and 71.6 million for business-type activities. Assistant City Manager James Zentner notes gains and positive asset trends.
The Odessa Development Corporation reports 127 new jobs and 7.8 million dollars in annual payroll growth, lifting total jobs to 1,744 and payroll to 50.8 million. City revenue tops budget by 6.4 million for 2006 07 due to oil boom driven sales tax gains, the No 1 general fund funding source at 33 percent. The council will use this audit to.
The city reports total sales tax receipts up 2 944 919 to 20 percent and property tax revenues rising 755 591 while the property tax rate falls five cents. Home rates rose 11 6 percent and unemployment sits at 3 5 percent, down 19 percent from last year. Zentner notes 2006 07 audit figures will guide future investments.
A DOE backed study finds wind energy could reach 20 percent of power by 2030 with an annual growth of 16,000 megawatts starting in 2018 requiring technology advances and grid expansion. If realized, natural gas use would fall 11 percent and coal 18 percent, cutting carbon emissions by 825 million metric tons annually.
An Odessa man Demonica De juane DQ Robinson 34 died Friday in a motorcycle crash when a 2006 Chevrolet pickup hit his 2006 Suzuki motorcycle. Casey Dyan Pierson who drove the truck faces intoxication manslaughter charges and posted 30000 bond. Funeral services planned for 10 AM Saturday at St Elizabeth Ann Seton Catholic Church.
Ector County commissioners push cheaper gym options under 1 million dollars as state mandates require indoor recreation by September 2009. Final funding decision pending, while Westside Senior Center plans are tabled and possible consolidation of three centers into one county facility is explored. About six attend Westside daily. committee to study participation and consolidation.
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