MAJOR INCREASE IN PROPERTY TAX IS COMING SOON
Yesterday Vic Kolenc of the El Paso Times published a report in which he calculates that the proposed UMC debt issuance, now stated to be $346 million, will add $80…
UMC WANTS TO ISSUE UP TO $400 MILLION IN NEW DEBT: KVIA REPORT
KVIA ABC-7 published an exceptional report last night clearly explaining why the handling of the proposed UMC debt issuance of up to $400M without voter approval is so problematic: 1.…
UNIVERSITY MEDICAL CENTER ATTEMPTING TO ISSUE A $400 MILLION CO (PART 2)
Only two days will have elapsed from yesterday’s vote of the Board of Managers of UMC to issue $400M in new debt without voter approval and tomorrow’s vote of the…
UNIVERSITY MEDICAL CENTER ATTEMPTING TO ISSUE A $400 MILLION CERTIFICATE OF OBLIGATION UNDER THE RADAR!
Martin Paredes of El Paso News has obtained a recording of yesterday’s meeting of the University Medical Center Board of Managers from an anonymous source. The recording reveals that the…
PROPERTY TAX INCREASES: THE HYPOCRISY OF CITY COUNCIL
Last month our City Council voted unanimously to order City Manager Tommy Gonzalez to craft a plan to decrease the City property tax rate, which has risen 38% since Gonzalez…
THE GREAT EL PASO EXODUS
Dear Friends, As I indicated below, the 2020 US Census shows that the population of Texas increased 15.9% between 2010 and 2020, while the population of the City of El…
EL PASO TIMES: 18 QOL BOND PROJECTS ARE $58 MILLION OVER BUDGET
Dear Friends, Mónica Ortiz Uribe of the El Paso Times just published a long and interesting report on Texas’ regressive tax system, which disproportionately impacts low-income residents of our state.…
CITY’S $413M PUBLIC SAFETY BOND HAS NO CITIZEN OVERSIGHT!
Dear Friends and Media, Unlike the 2012 Quality of Life Bond ($473,250,000) and the 2019 Ysleta School Bond ($425,000,000), the 2019 Public Safety Bond ($413,000,000) has no bond overview advisory…
NEW CITY FIRE STATION TO COST $1,180 PER SQUARE FOOT!
Dear Friends and Media, On November 5, 2019 El Pasoans voted to issue $413,122,650 in general obligation bonds for public safety projects. The breakdown of how the funds would be…
RENT FOR TWO-BEDROOM APARTMENTS UP 17% SINCE LAST YEAR!
Dear Friends, In the current issue of El Paso Inc, Reyes Mata shows that rent for a two-bedroom apartment in El Paso increased 16.9% for the 12 months ending in…