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<br />U)(AS MUNICIPAL REPORTS
<br />
<br />. ESTIMATED OVERLAPPING DEBT STATEMENT
<br /> Net Debt Amount
<br />Taxing Body Amount As of ~ W/.\
<br /> Harris Co $204,806,733 12-3r-?9 .0 $ 2, 84
<br /> Harris Co
<br /> Flood Contr
<br /> Dist 122,579,151 10-31-79 .06 73,547
<br /> Harris Co
<br /> Hosp Dist -0- 1-31-78 .06 -0-
<br /> LaPorte ISD 13,541,359 8-31-79 3.28 444,157
<br /> Port of
<br /> Houston Auth 53,412,564 6-30-79 .06 32,048
<br /> San Jacinto Jr
<br /> Coll Dist 21,469,696 B-31-79 .34 72,997
<br /> Total Net Ov1P9 Debt $ 745,633
<br /> Lomax, City of S 2,586,921 9-30-79 100.00 2,586,921
<br /> Total Direct and Ov1P9 Debt $3.332.554
<br /> (10.82% of A.V. - $3,040.65 per capita)
<br /> ECONOMIC BACKGROUND
<br />
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<br />
<br />Harris County Characteristics: Harris County is a Gulf Coast
<br />county and component of the Houston metropolitan area, traversed
<br />by Interstate Hi9hways 10 and 45. Econ~ based on industry,
<br />mineral production, agriculture shipping.
<br />
<br />Area is highly industrialized with over 2,Boo manufacturing
<br />plants, nation's largest concentration of petrochemical plants.
<br />Total value of manufactured goods produced in 1978, $23 billion,
<br />4th in the nation.* Leads the nation in manufacture of petroleum
<br />equipment, agricultural chemicals, fertilizers, pesticides, oil
<br />and gas pipeline transmission. Other principal products include
<br />steel, electronic equipment, food, shipbuilding, hand tools,
<br />metal and plastic containers and industrial machinery. 1978
<br />retail sales S12.5 billion, 1st in the state.* 95,293 students
<br />enrolled in 17 colleges and universities in the fall of 1978.
<br />The Texas Medical Center, one of the nation's largest, provides
<br />extensive medical care and educational opportunities. The
<br />L.B.J. Manned Spacecraft Center is located here. 104.3 million
<br />short tons of cargo handl'ed in the Houston Port in 1977, the
<br />largest Texas port and third largest in the nation. A leading
<br />financial center, 159 banks held combined 12-31-78 deposits of
<br />S18,169,268,460.
<br />
<br />1977 value of all minerals produced $438.6 million. 24 million
<br />barrels of crude oil and 88 billion cubic feet natural gas pro-
<br />duced in 1978. Four gasoline plants have a combined maximum
<br />daily capacity of 383 million cubic feet and six refineries have
<br />a combined daily capaity of 1.5 million barrels.
<br />
<br />The county ranks 1st in the state in population with 1976 esti-
<br />mate 2,066,169, increasing 18.6S from 1970. 1978 total effec-
<br />tive buying income $18.4 bil1ion.* Median effective buying in-
<br />come per household $20,228, compared to the state median of
<br />$15,914.* 35.8~ of the households above $25,000 effective buying
<br />income, with 16.3~ below $8,000.*
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<br />CITY OF LOMAX
<br />
<br />The City of Lomax is located 20 miles east of the City of Houston
<br />and adjacent to the eastern boundary of Deer Park. Estimated
<br />1976 population 1,096, increasing 22.6~ from 1970. 1975 per
<br />capita income $5,982, compared to the state average of $4,641.
<br />Many residents of the city are employed at the nearby ship
<br />channel and other surrounding industrial complexes.
<br />
<br />Any data on population, value added by manufacturing or produc-
<br />tion of agricultural products or minerals are from US Census or
<br />other official sources and in all instances represent latest
<br />data published.
<br />
<br />*Copyright 1979, Sales Management Survey of ~ Power; fur-
<br />ther reproduction;not;licensed.
<br />
<br />1977 Assessed
<br />Valuation
<br />
<br />Principal Taxpayers
<br />Name
<br />~Southern Pacific
<br />Railroad Co.
<br />2. Fish Engineers, Inc.
<br />
<br />3. Louisiana Chemical
<br />Equipment Co.
<br />4. St. Joe Paper Co.
<br />5. Exxon Pipeline Co.
<br />6. I. W. Hickham, Inc.
<br />7. Pecan Villa
<br />8. Akard Beall Realty
<br />g. Houston Lighting &
<br />Power Co.
<br />10. Estate Trust Co.
<br />
<br />Total (18.03~ of Total A.V.)
<br />FINANCE-CONNECTED OFFICIALS
<br />
<br />Type of Property
<br />
<br />Railroad & Acreage
<br />Office Building &
<br />Warehouse
<br />
<br />Chemical Wholesaler
<br />Acreage
<br />Pipeline
<br />Machine Shop
<br />Mobile Home Park
<br />Rental Houses
<br />
<br />Electric Utility
<br />Acreage
<br />
<br />SI ,044, 100
<br />
<br />1,029,170
<br />
<br />815,100
<br />666,600
<br />479,100
<br />436,800
<br />288,000
<br />281,000
<br />
<br />278,300
<br />236,110
<br />
<br />$5,554,2BO
<br />
<br />Mayor . . . . . . . . . . . . . Norman L. Malone
<br />City Secretary. . . . . . . . . Betty Waters
<br />Tax Assessor-Collector. . . . .George Sharp
<br />Mailing Address: Route 1, Box 1508, Lomax School
<br />La Porte, Texas 77571
<br />Telephone Number: 713-471-3631
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<br />HM/n1b
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<br />Road,
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