EL PASO COUNTY IS A FINANCIAL GODZILLA!
The El Paso County Commissioners Court is planning to authorize a total of $894 million worth of bonds by the end of this year, which will explode our property tax.…
DAVID STOUT DEFENDS COUNTY SPENDING BINGE IN DISHONEST OPINION ESSAY
Commissioner David Stout published a guest column in the El Paso Times defending the County’s tax increase and its authorization of $720 million in general obligation bonds and COs. He…
CITY IS ON RIGHT COURSE, BUT COUNTY SPENDING IS OUT OF CONTROL: MAX GROSSMAN
Max Grossman: Guest columnist, Published 7:01 a.m. MT Aug. 15, 2024 Our city and county have adopted opposite approaches to borrowing and taxation. While the mayor and majority of City…
COUNTY VOTES FOR RECORD PROPERTY TAX INCREASE!
Today the County voted: 1. to place on the November ballot a $396.6 million general obligation bond for UMC. 2. to place on the November ballot a $323.8 million general…
COUNTY TO VOTE TOMORROW ON AUTHORIZING $324M IN BOND DEBT PLUS $397M IN UMC BOND DEBT
Tomorrow the County Commissioners Court plans to go on a record shopping binge by authorizing a general obligation bond in the amount of $323,796,000, which will be divided into five…
GROSSMAN ADDRESSES EL PASO COUNTY COMMISSIONERS COURT ABOUT PROPOSED $173.8M CERTIFICATE OF OBLIGATION
Yesterday our Chief Instigator, returning from work in Italy, called the El Paso County Commissioners Court from Newark Liberty International Airport to comment on agenda item 9A, which was a…
COUNTY POISED TO SUPPORT $1.6 BILLION IN NEW DEBT SERVICING, EXPLODING OUR PROPERTY TAX
Two days ago we reported that the County will soon vote on whether to issue $188 million in certificates of obligation without voter approval and place a $294 million general…
THE COUNTY’S $482 MILLION SPENDING BINGE
During a Special Meeting of the County Commissioners Court on July 9, Jose Landeros, Director of Strategic Development, presented the recommendations of the Bond Advisory Committee for future debt issuances.…
COUNTY AWARDED $540K NO-BID CONTRACT TO BARRACUDA TO PROMOTE ITS PLAN FOR $500M OF NEW DEBT
UPDATED 6/18/24, 11:32 PM As we know, El Paso County plans to max out its bonding capacity by issuing up to $500 million in new debt, including $150 million without…
EL PASO TAXING ENTITIES OWE $10.3 BILLION!
No one has ever bothered to calculate the total principal and interest owed by the taxing entities within El Paso County, so we analyzed the statistics on public debt published…