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…
CITY BREAKS TEXAS RECORD FOR OUTSTANDING DEBT FROM CERTIFICATES OF OBLIGATION, AUTHORIZES $200M MORE SINCE LAST YEAR!
Dear Media, This email is just for you! I have completed my research on the issuance of certificates of obligation by the City of El Paso after carefully analyzing the…
DALLAS CITY COUNCIL REJECTS 8% PROPERTY TAX INCREASE, BUT THEN THERE IS EL PASO…
Dear Friends and Media, On May 27, the Dallas City Council voted 11-3 with one abstention to reject allowing the Dallas County Tax Office to calculate a property tax increase…
SUN METRO IS $68 MILLION IN THE HOLE!
Dear Media and Friends: Ellen Smyth, who has served as the Director of the Environmental Services Department of the City of El Paso for the last 16 years, was just…
CITY REP INCUMBENTS VOTED TO RAISE OUR PROPERTY TAX RATE 19.44% SINCE ASSUMING OFFICE
*NOTE: THIS REPORT IS FLAWED BECAUSE IT DOES NOT TAKE INTO ACCOUNT THE NO-NEW-REVENUE TAX RATE. TAX RATE ALONE IS NOT AN INDICATOR OF TAX BURDEN. Dear Media and Friends,…
BUDGET UPDATE FROM CITY CFO CORTINAS: MAJOR DECLINE IN REVENUES THROUGH FY 2021
Dear Media and Friends, Yesterday, under agenda item 13.1, City CFO Robert Cortinas updated the City Council and public on the budget crisis sparked by the COVID-19 pandemic. I have…
GOVERNOR ABBOT URGES LOCAL GOVERNMENTS TO LOWER PROPERTY TAXES!
Dear Friends and Media, The Governor has sent out a letter (attached) urging local governments to lower property taxes. El Paso City Council, please read every word of this! Max