CITY COMMITS TO NO TAX INCREASE FOR SECOND YEAR IN A ROW!
Thanks to the financial acumen and wizardry of CFO Robert Cortinas and Interim City Manager Cary Westin, yesterday our City Council was presented with a budget for FY 2024-25 that…
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.…
AUDIT REVEALS CITY MISHANDLED NUMEROUS CHAPTER 380 AGREEMENTS WITH DEVELOPERS, LOSING MILLIONS
A new audit reveals the City’s Economic & International Development Department lost millions of dollars because of systemic failures in its handling of Chapter 380 Agreements with developers and did…
CITY COUNCIL APPROVES AMPHITHEATER IN NORTHEAST EL PASO ON 4-3 VOTE
Today under agenda items 38 and 39, City Council voted 4-3 to provide $30.6 million in incentives to Notes Live Inc., which will construct an amphitheater on the site of…
THE THREE MOST FEARED WORDS IN EL PASO COUNTY
Read separately, each of these three words is harmless. But read together in this order, these are the three most feared words in El Paso County.
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…
SISD OVERCHARGES TAXPAYERS $2.2 MILLION, UNDERSTATES DROP IN STUDENT ENROLLMENT
Just when we thought the financial disaster that is Socorro ISD could not get any worse, it got worse by an order of magnitude! We reported five days ago that…
DAVID SAUCEDO GRADUATES FROM LAW SCHOOL, DELIVERS COMMENCEMENT ADDRESS
Former Mayoral candidate David Saucedo II graduated from Mitchell Hamline School of Law in St. Paul, Minnesota on May 31 and delivered the commencement address before his class of 370…