El Paso Outlook: Group Gathers to Discuss Growing Economy, Property Tax Hikes

April 1, 2011

 Dr. Tom Fullerton Dr. Tom Fullerton

Ramon Bracamontes \ El Paso Times

Business opportunities in El Paso will continue to rise during the next five years, according to a University of Texas at El Paso business professor who spoke to about 60 small-business owners on Thursday.

UTEP's Tom Fullerton, an economics professor who specializes in the U.S.-Mexico economy, was one of the guest speakers at a breakfast meeting sponsored by the Southwest Minority Supplier Development Council. He spoke about El Paso's five-year economic outlook.

His conclusion:

"Growth prospects for El Paso remain favorable, but pressure to increase local property tax rates will remain high."

Fullerton told the group that the local school districts will be under pressure for several years to raise their property tax rates because the schools will be getting less money from the state. Also, as El Paso's population increases, the city and county governments will be looking to raise taxes to provide services.

The small-business owners also heard from Dr. Jose Manuel de la Rosa, founding dean of the Texas Tech University Health Sciences Center's Paul L. Foster School of Medicine.

The Southwest Minority Supplier Development Council is a nonprofit organization dedicated to certifying, connecting and developing minority-owned businesses. Through leadership and professional education, the council works with major corporations throughout the United States and minority businesses in central and southwest Texas to increase participation in diversity programs.


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