CITY’S NON-VOTER APPROVED DEBT OBLIGATIONS NOW STAND AT $852 MILLION
The City’s latest debt figures are available on page 79 of the FY 2023 Budget Book, posted to the webpage of the Office of Budget & Management. There you will…
WHY DID REPS SALCIDO AND RODRIGUEZ VOTE AGAINST THE CITY BUDGET?
Elisa S. Perez of El Paso Matters published an extraordinary report titled “City representatives up for reelection switch votes on budget, tax rate.” In it she analyzes why City Reps.…
CITY EXPENSES TO EXCEED PROPERTY TAX REVENUES BY $60 MILLION IN FY 2025
David Crowder of the El Paso Inc published a report in which he analyzed a PowerPoint presented by City CFO Robert Cortinas–yes, the same CFO who recently told me that…
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…
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…
CITY ANNOUNCES COVID-19 WILL IMPACT BUDGET $86.4M IN FY 2020-2021, 400 EMPLOYEES FURLOUGHED
Dear Friends and Media, Aaron Montes of the El Paso Times covered today’s budget discussion during the City Council Work Session. The City announced that the budget impact from COVID-19…