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…
CITY’S OUTSTANDING NON-VOTER APPROVED DEBT HITS TEXAS RECORD: MORE THAN $1.1 BILLION INCLUDING INTEREST
On Tuesday, KVIA aired an excellent report on the City’s outstanding non-voter-approved debt from certificates of obligation, but they misstated the figures. According to KVIA, the City owes $851.1M in…
SUPPORT THE MAYOR’S VETO OF $96M OF NON-VOTER APPROVED DEBT TODAY: INSTRUCTIONS
Dear Friends, At today’s City Council meeting, under agenda item 19, an attempt will be made by Rep. Cassandra Hernandez and her allies to override the Mayor’s veto of $96…
SUPPORT THE MAYOR’S VETO OF $96M IN NON-VOTER-APPROVED DEBT!
At tomorrow’s City Council meeting, under agenda item 19, an attempt will be made by Rep. Cassandra Hernandez and her allies to override the Mayor’s veto of $96 million of…
MAYOR LEESER VETOES $96 MILLION CO ISSUANCE!
Mayor Oscar Leeser has just vetoed the issuance of $96 million in certificates of obligation, which was approved by City Council on Tuesday under agenda item 11 on a 6-2…
CITY COUNCIL VOTES 6-2 TO ISSUE ANOTHER $96M IN CO DEBT WITHOUT VOTER APPROVAL
The City Council just voted 6-2 to issue another $96M in CO debt without voter approval, with Reps. Molinar and Rodriguez dissenting. This is in addition to the $93M in…
CITY TO VOTE TO ISSUE $96 MILLION IN CO DEBT TODAY!
As you wake up to enjoy your coffee and read the paper, your City Council is preparing to convene for its regular meeting. Unbeknownst to 99.9% of El Pasoans, item…
TEXAS PUBLIC POLICY FOUNDATION ON THE CITY OF EL PASO: “ABUSING” CERTIFICATES OF OBLIGATION IS “BAD BEHAVIOR”
Elida S. Perez just published an excellent report on the City’s abuse of certificates of obligation. It is rare for El Paso Matters to delve into government financial matters, so…