Many similarities exist between the recommendations made by City Staff and those made by the  Gas Well Revenue Ad Hoc Committee pertaining to the expenditure criteria for the Barnett Shale revenue.  Cleaning and dredging Lake Worth meets a majority of the recommended criteria proposed by the ad hoc committee as well as several of the criteria from City Staff. 


This information is extremely significant: Both studies’ criteria are consistent with Lake Worth dredging using Barnett Shale gas revenue.

Click HERE to go to the City of Fort Worth Web site where you can see the Ad Hoc Committee’s full report and recommendations. Or click HERE to go straight to the committee’s Executive Summary.

Read the information below for guidance when composing emails and letters to the editor

For more information about the Gas Well Revenues Financial Management Strategies Ad Hoc Committee, see presentation in Archives.

Simple and VERY IMPORTANT things you can do

NOW!

  1. • Write a letter to the editor of the Fort Worth Star-Telegram

  2. • Read the January 6, 2008 Fort Worth Star-Telegram editorial, “Dream come true?” and add your own comments at the end of the article

  3. • Write an email to the committee (see below) stressing the importance of cleaning and dredging Lake Worth with the Barnett Shale-related gas revenue at gaswellrevenuecommittee@fortworthgov.org

  4. • Sign and return our PETITION if you haven’t already

City Staff’s Recommended Gas Revenue

Expenditure Criteria:


• To replenish fund balance reserve (required first)

• Consider outstanding bond principle lump sum payment

• Fund capital projects with minimum 10-year useful life

• Use where grant matches can be obtained to leverage funds for capital projects

• To purchase capital equipment with at least a 10-year life

• For technology with at least a 5-year useful life

• For equipment/fleet revolving replacement fund

Gas Well Revenue Ad Hoc Committee’s Recommended

Expenditure Criteria:


  1. • To contribute toward near term infrastructure projects

  2. • To expend on capital projects with a minimum 10-year useful life

  3. • To provide matching grants to leverage funds for capital projects

  4. • To expend on technology with a minimum 5-year useful life

  5. • To contribute toward the equipment/fleet revolving replacement fund

  6. • To expend on capital equipment with a minimum 10-year useful life