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…
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…
COUNTY VOTES TO POST NOTICE TO ISSUE $100M IN NON-VOTER-APPROVED DEBT
Today the El Paso County Commissioners Court voted to post notice to issue $100 million in non-voter-approved debt. On November 17, the Court had already considered this debt issuance but…
COUNTY TO VOTE ON DEBT INSSUANCE TOMORROW, DEC. 12
Dear Friends and Media, Tomorrow the County Commissioners Court will consider four options for issuing somewhere between $41 million and $100 million in new debt without voter authorization under agenda…
COUNTY TO VOTE TO POST NOTICE OF INTENT ON $100 MILLION IN CERTIFICATES OF OBLIGATION
Three days from now, on November 17 under agenda item 11, the County Commissioners Court will vote on whether to post notice to issue up to $100 million in certificates…
CBS4: COUNTY DELAYS VOTE ON UMC DEBT ISSUANCE UNTIL LIBRE PETITION IS VERIFIED
Today the El Paso County Commissioners Court decided to delay the vote on whether to issue a certificate of obligation in the amount of $346 million to expand UMC hospital…
FORUM ON TAXATION TODAY AT 10AM: IS THE CITY DECEIVING TAXPAYERS?
oday I will be the guest speaker at a public forum on local taxation hosted by the Community First Coalition, scheduled for this Saturday, September 10 at the Fox Clardy…
DEMOCRATS DIVIDED OVER PROPOSED $400M CO ISSUANCE FOR UMC
The only Democratic leaders present at the 3-2 vote by the County Commissioners Court to post notice to issue up to $400M in certificates of obligation without voter authorization were…
PROOF THAT THE “ARENA” WILL COST MORE THAN $500 MILLION
Dear Friends and Media, The City’s planned multipurpose basketball arena, strategically disguised as a “Multipurpose Performing Arts and Entertainment Facility” on the November 2012 ballot, will cost more than $500…