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…
COUNTY VOTES 4-1 TO INCREASE PROPERTY TAX
Today the County Commissioners Court voted 4-1 to increase the County property tax rate to $0.458889 per $100 of assessed value, which is five cents more than the no-new-revenue rate…
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.…
CITY DEBT APPROACHING $3 BILLION!
According to page 79 of the FY 2023 Budget Book, our City owes $2,257,059,064, of which $851,565,991 is principal and interest on ten certificates of obligation that were issued without…
CITY BUDGET TO INCREASE TO $1.3B FOR FY 2024, HERNANDEZ WANTS MORE DEBT
Cindy Ramirez of El Paso Matters published a substantive report on the ongoing budget talks in City Council. To summarize, Interim City Manager Cary Westin and CFO Robert Cortinas proposed…