THE CITY’S FAVORITE WORD: TRIPLE
The Mexican-American Cultural Center was supposed to cost $5,750,000 but ended up costing $16,500,000, nearly triple. The Children’s Museum was supposed to cost $19,250,000 but ended up costing over $60,000,000,…
$66M FOR STREETS, LEVERAGED WITH DEBT AND HIGHER TAXES
Don’t think for one second that the $66M comes from general operating revenue. It is borrowed against 30-year bond debt, so please be sure to thank your children for the…
COUNTY BUDGET DEFICIT FOR FY2025 MORE THAN DOUBLES
Harrison Parker of KFOX14 aired an outstanding report revealing that the County budget deficit for FY 2025 (ending September 30) has increased from $18-25M to $55-62M. The new figure is…
COUNTY BOND DEBT TRIPLES IN FOUR YEARS!
The El Paso County Commissioners Court consists of Judge Samaniego and Commissioners Butler, Stout, Holguin, and Coronado. All but Holguin are tax-and-spend progressives who seem determined to spend us into…
TOTAL DEBT OF EL PASO TAXING ENTITIES TO SURPASS $11.5 BILLION
We are the only media source that reports the total debt of our local taxing entities. On March 28 we shared statistics from the Texas Bond Review Board showing that…
ISABEL SALCIDO IN DEBT MORE THAN $200,000, FACES MULTIPLE LAWSUITS, BUT LOANS HER MAYORAL CAMPAIGN $100,000
Andrew J. Polk of KVIA reports that City Rep. Isabel Salcido of District 5 faces more than $200,000 in legal judgments due to unpaid debts, according to court documents. Since…
EL PASO COUNTY IS A FINANCIAL GODZILLA!
The El Paso County Commissioners Court is planning to authorize a total of $894 million worth of bonds by the end of this year, which will explode our property tax.…
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…
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…
COMMISSIONER HOLGUIN: “I STRONGLY OBJECTED TO INCREASING TAXES”
Commissioner Iliana Holguin Regarding the Tax Increase Approved by the Commissioners Court Dear Pct. #3 Residents: I am very saddened to have to report that at the August 28, 2023…