Tuberculosis Exposure 

More than 700 patients and about 40 employees at Providence Memorial Hospital were exposed to tuberculosis, public health officials said. 

Screening information and more info: http://bit.ly/1o9GMSi

Health Alert

El Paso County sees dip in property values results in budget shortfall

Updated: Friday, August 15 2014, 10:00 PM MDT
El Paso County sees dip in property values results in budget shortfall story image

By: Genevieve Curtis
El Paso County began budget workshops this week and County Commissioner Vince Perez said they're looking at about a billion dollar shortfall compared to last year.

One the biggest factors to that shortfall is a decrease in property values.

The assistant chief appraiser for El Paso's central appraisal district, David Stone, said the dip in values amounts to about $500 million.

The decrease in values appears confusing despite the growth El Paso has seen.

Stone said homes are sitting on the market longer. While six months is considered about average it's taking about eight months to sell a home in El Paso.

New housing developments are popping up in all corners of the county and while residential building permits increased slightly, the amount of available inventory takes the pressure off the market and existing homes.

In other cities in Texas, a shortage in housing has driven up the value on existing homes.

Stone said the county saw a 43 percent decrease in its commercial building permits last year.

While El Paso saw new developments like the downtown ballpark, the Fountains and Farah and Montecillo, other commercial industries like Hoover shut down.

While various factors maybe contributing to the dip in property values it still leaves the county taxpayers a tight position.

In order for the county to collect the same revenue it did last year, county leaders would have to raise the tax rate by about one penny or make budget cuts.

Despite the dip, CAD officials said the change isn't alarming as a market as a whole.

"It's not a large decrease we are not seeing the bottom fall out of the market in El Paso," said Stone.

Stone said El Paso's market remains very stable compared to other cities in Texas that experience more dramatic fluctuations.

El Paso County sees dip in property values results in budget shortfall
comments powered by Disqus

El Paso Times Headlines

Roundabouts open, work continues on Alameda-Paisano reconstruction
Two new major roundabouts in South Central El Paso opened ahead of schedule Friday as work continues on the $10.
El Paso Community College board approves tuition increase
El Paso Community College's board of trustees this week approved an increase in tuition and fees for the spring semester.
Officials: 706 babies, 43 employees exposed to tuberculosis at El Paso hospital
Health officials said today that 706 babies in El Paso, New Mexico and Mexico who were patients at Providence Memorial Hospital may have been exposed to tuberculosis.
Traffic on I-10 near UTEP back to normal
Update 7 p.m.: Traffic remains bumper-to-bumper on Interstate 10 as fans continue to make their way to the Sun Bowl.
Fence jumper at White House sparks evacuation
WASHINGTON (AP) - Much of the White House was evacuated on Friday after someone jumped over the fence and ran toward the executive mansion, minutes after President Barack Obama had departed.
Avenida de Mesilla suspect taken away in ambulance
LAS CRUCES >> A police standoff with an armed suspect from an Interstate 10 pursuit has prompted an hours-long closure of Avenida de Mesilla between Valley Drive and South Main Street.
Few fireworks in first Texas governor's debate
EDINBURG, Texas (AP) - Democrat Wendy Davis came out swinging against Republican Greg Abbott over classroom funding and women in their first debate Friday night, but uncomfortably skirted whether she supported President Barack Obama.
Friday Night Live: Get updates from El Paso-area high school football games
Live coverage tonight: One Direction performs in El Paso
Get live updates from the One Direction concert in El Paso starting at 6:30 p.m. Friday on elpasotimes.com.
El Paso County officials warn of possible roofing scams
El Paso County Attorney Jo Anne Bernal is warning area residents about a possible roofing scam in light of recent heavy rains.
Commissioner Roger Goodell: NFL wants new personal conduct policies
NEW YORK (AP) - Commissioner Roger Goodell says the NFL wants to implement new personal conduct policies by the Super Bowl.
Texas jobless rate up for first time this year
AUSTIN, Texas (AP) - The Texas unemployment rate rose slightly last month, representing the first increase in the rate this year, state officials said Friday.
El Paso city leagues, practices cancelled for weekend due to rains
All of the city's outdoor sports leagues and practices have been cancelled throughout the weekend to allow the fields to dry, city officials said today.
Search resumes for Texas deputy missing in flood
AUSTIN, Texas (AP) - A search for a missing Central Texas sheriff's deputy is set to resume Friday, a day after her patrol car was found swamped by floodwaters minutes after she radioed for help while checking flooded low-water crossings.
Three people arrested, accused of abusing corpses at Central El Paso funeral home
El Paso County sheriff's investigators have arrested three people on suspicion of corpse abuse after finding five bodies, including a fetus, in various stages of decomposition at a Central El Paso funeral home.
advertisement
KFOX14 El Paso - Links Mentioned Get the latest web resources mentioned on KFOX14 News!
advertisement