2012 QUALITY OF LIFE BOND $63,607,763 OVERBUDGET
Yesterday we attended the meeting of the the Bond Overview Advisory Committee, at which City staff presented a chart detailing the expenditures from the Quality of Life Bond, which was…
INTRODUCING OUR FIVE LOCAL TAXING ENTITIES: CITY, COUNTY, SCHOOL DISTRICT, UMC, AND EPCC
These are the five entities that together comprise our property tax bill and greedily consume our property tax dollars. All five eat from the same trough and each tries to…
EL PASO HAS THE 3RD HIGHEST TAX RATE AMONG THE 50 LARGEST CITIES
The Lincoln Institute of Land Policy and Minnesota Center for Fiscal Excellence just published their 50-State Property Tax Comparison Study for Taxes Paid in 2022. The study found that among…
CITY COUNCIL VOTES TO NOT INCREASE PROPERTY TAX!
At today’s Special Meeting, our City Council voted unanimously to cap the City tax rate at the no-new-revenue rate of $0.832001 for each $100 of property valuation. That means that…
CITY DEBT APPROACHING $3 BILLION!
According to page 79 of the FY 2023 Budget Book, our City owes $2,257,059,064, of which $851,565,991 is principal and interest on ten certificates of obligation that were issued without…
CITY BUDGET TO INCREASE TO $1.3B FOR FY 2024, HERNANDEZ WANTS MORE DEBT
Cindy Ramirez of El Paso Matters published a substantive report on the ongoing budget talks in City Council. To summarize, Interim City Manager Cary Westin and CFO Robert Cortinas proposed…
THREE CITY REPS. AND MAYOR REFUSE TO INCREASE OUR PROPERTY TAX
Our City Council and staff are in budgetary discussions in preparation for the vote next month to set the City property tax rate. Our property tax has increased every year…
THERE IS ENOUGH SUPPORT ON CITY COUNCIL TO PREVENT A PROPERTY TAX INCREASE!
Yesterday we reported that Rep. Kennedy, Rep. Molinar, Rep. Fierro, and Mayor Leeser each made an iron-clad commitment to vote against any City budget that would increase our property tax.…
MAX GROSSMAN: CITY BOND RATING NOT WHAT IT APPEARS
City bond rating not what it appears: Letters to the Editor El Paso Times, Published 6:00am MT May 12, 2023 “Terrell Blodget wrote to this newspaper claiming the recent bond…
318 BANKRUPTCIES IN EL PASO FROM JANUARY TO MARCH, UP 32.5% OVER LAST YEARÂ
According to today’s issue of the Paso del Norte Economic Indicator Review of the Hunt Institute for Global Competitiveness, “the El Paso Office of the Western District of Texas U.S.…