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.…
CITY ISSUED $300 MILLION IN DEBT IN 2016 WITH ZERO OR LITTLE PRINCIPAL FOR A DECADE
This past March 25, City CFO Robert Cortinas gave a PowerPoint presentation before City Council in which he discussed his 5-Year Financial Forecast. On page 71, he cited $300 million…
COUNTY POISED TO APPROVE $500 MILLION IN NEW DEBT!
We warned you this was coming. Today under agenda item 13, the El Paso County Commissioners Court is discussing its FY2024 Multiyear Capital Plan, which includes $500 million in new…
LIBERTARIANS ADDRESS THE EL PASO COUNTY COMMISSIONERS COURT
Today Max Grossman, Chief Instigator of the El Paso Taxpayer Revolt, and Ryan Woodcraft, Libertarian candidate for County Precinct 1, addressed the El Paso County Commissioners Court to respond to…
ALERT: COUNTY TO DISCUSS FUTURE BONDING CAPACITY TOMORROW!
In October we reported that the County may hold a bond election in November 2024 and ask the voters to issue up to $350 million in general obligation bonds, and…
CARBAJAL CLAIMS CERTIFICATES OF OBLIGATION ARE ONLY FOR EMERGENCIES BUT VOTED TO ISSUE A $400M CERTIFICATE OF OBLIGATION
A certificate of obligation is a form of debt that is issued without voter authorization, unlike a general obligation bond, which goes on a ballot. Previously we reported that the…
COUNTY MAY HOLD BOND ELECTION, COULD ISSUE UP TO $500 MILLION OF NEW DEBT BY JANUARY 2025!
On Monday, October 23 the County’s financial advisers, Brad Angst and Nancy Rocha, gave the Commissioners Court a Q3 market update under agenda item 8. Toward the end of their…
COUNTY VOTES FOR 16% SALARY INCREASE FOR COMMISSIONERS, UP 113% SINCE 2016
Our County Commissioners Court consists of four Commissioners and a County Judge. In 2016, our four County Commissioners were paid $62,680 per year and the County Judge was paid $87,577.…
GROSSMAN TO EL PASO TIMES: EL PASO CANNOT AFFORD REP. HERNANDEZ
El Paso cannot afford City Rep. Cassandra Hernandez: Max Grossman Max Grossman Guest columnistPublished 6:00 a.m. MT Aug. 17, 2023 City Rep. Cassandra Hernandez’ recent guest column in these pages…
TEXAS HOUSE VOTES TO BAN THE USE OF COs FOR NEW SPORTS VENUES
The Texas Legislature is seeking ways to provide property tax relief. One of their key strategies is to restrict the use of certificates of obligation, which have been abused by…