Audit Shows Lubbock Finances Are In Good Shape - KCBD NewsChannel 11 Lubbock

6/21/05

Audit Shows Lubbock Finances Are In Good Shape

Good news for the City of Lubbock. The city's finances are in excellent shape, something auditors could not report a few years ago.

"We went through many years of trouble when this council came in, in 2002-2003 we found a number of problems with the city's finances that all revolved around the then condition of Lubbock Power and Light and the West Texas Municipal Power Agency," said Lubbock City Councilman, Tom Martin.

The Lubbock City Council took several steps to deal with the financial problems, such as creating an external audit committee and cutting the general fund budget. Councilman Martin says the latest audit shows the city's bond rating has gone up which could mean the city can now borrow money at a lower interest rate.

Recognizing Counterfeit Money
Become more familiar with the currency in your wallet, learn how to detect counterfeit money and more in our special web enhanced section.
 

  • Local News on KCBD.comNewsMore>>

  • Earthquake dims stylish nightlife in Mexico City district

    Earthquake dims stylish nightlife in Mexico City district

    Saturday, September 23 2017 12:36 AM EDT2017-09-23 04:36:18 GMT
    Saturday, September 23 2017 7:07 AM EDT2017-09-23 11:07:05 GMT

    In the stylish Condesa neighborhood young revelers typically spill out from dimly lit bars and restaurants on a Friday night. But the first weekend since the 7.1-magnitude earthquake toppled buildings just blocks away began on a somber note.

    In the stylish Condesa neighborhood young revelers typically spill out from dimly lit bars and restaurants on a Friday night. But the first weekend since the 7.1-magnitude earthquake toppled buildings just blocks away began on a somber note.

  • South Korea says natural North Korea earthquake detected

    South Korea says natural North Korea earthquake detected

    Saturday, September 23 2017 5:56 AM EDT2017-09-23 09:56:13 GMT
    Saturday, September 23 2017 7:06 AM EDT2017-09-23 11:06:56 GMT

    South Korea's weather agency says a magnitude 3.0 earthquake was detected in North Korea around where the country recently conducted a nuclear test, but it assessed the quake as natural.

    South Korea's weather agency says a magnitude 3.0 earthquake was detected in North Korea around where the country recently conducted a nuclear test, but it assessed the quake as natural.

  • McCain doesn't back GOP health care bill, drawing Trump ire

    McCain doesn't back GOP health care bill, drawing Trump ire

    Saturday, September 23 2017 12:46 AM EDT2017-09-23 04:46:21 GMT
    Saturday, September 23 2017 6:56 AM EDT2017-09-23 10:56:42 GMT

    McCain opposes latest GOP health care bill, drawing ire from Trump and possibly dealing death blow to repeal-and-replace effort.

    McCain opposes latest GOP health care bill, drawing ire from Trump and possibly dealing death blow to repeal-and-replace effort.

Powered by Frankly