WHY DOES OUR CITY FEEL IT MUST PROVIDE US WITH ENTERTAINMENT?
“A government big enough to give you everything you want is a government big enough to take from you everything you have.” –President Gerald Ford, August 12, 1974 Dear Friends,…
CERTIFICATES OF OBLIGATION: SVARZBEIN, HERNANDEZ AND RIVERA ENTER THE HALF-BILLION-DOLLAR CLUB!
With Tuesday’s 6-2 vote to publish the City’s intention to issue another $96 million in certificates of obligation without voter approval, Reps. Svarzbein, Hernandez, and Rivera have achieved the impossible.…
CITY’S BOND OVERVIEW ADVISORY COMMITTEE (BOAC) TO CONVENE MONDAY, JULY 12 AT 4:30PM
The City of El Paso’s Bond Overview Advisory Committee (BOAC), a group of citizen professionals charged with monitoring the City’s expenditure of hundreds of millions of dollars in municipal bonds,…
CITY COUNCIL VOTES 6-2 TO ISSUE ANOTHER $96 MILLION IN DEBT WITHOUT VOTER APPROVAL!
Today our City Council voted 6-2 under agenda item 3 to publicize its intent to issue another $96 million in certificates of obligation without voter approval, with Reps. Molinar and…
EL PASO HOMESTEAD PROPERTY TAX RATE STILL SECOND HIGHEST IN AMERICA
Dear Media, The Lincoln Institute of Land Policy and Minnesota Center for Fiscal Excellence have just come out with their annual report comparing the property tax rates of American cities.…
WHICH CITY REPS VOTED TO INCREASE YOUR PROPERTY TAX RATE?
*NOTE: This post is flawed because we only discuss tax rates without indicating whether they are above or below the no-new-revenue-tax rates. When City Manager Gonzalez assumed office on June…
DEBT FROM CERTIFICATES OF OBLIGATION: HOW DID OUR CITY REPS VOTE?
El Paso is the sixth largest city in Texas but has the highest outstanding debt in certificates of obligation. $642,000,000 in CO debt has been authorized since 2012 without voter…
CITY HOLDS TEXAS RECORD FOR DEBT FROM CERTIFICATES OF OBLIGATION, AUTHORIZES $293M MORE SINCE 2019!
Dear Media, This email is just for you! One year ago I submitted to you my research on the City’s outstanding debt from certificates of obligation, which are supposed to…
CITY PROPERTY TAX RATE UP 38% SINCE GONZALEZ APPOINTED CITY MANAGER!
*NOTE: This report is flawed because we do not where the tax rate stands in relation to the no-new-revenue tax rate. Tommy Gonzalez was appointed City Manager on June 23,…
ON THE CITY’S FINANCES…
“The price good men pay for indifference to public affairs is to be ruled by evil men.” –Plato, The Republic, circa 375 BC. Friends, El Paso is now at a…