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 County Commissioners Court on whether to post notice of the issuance.
That is not acceptable.
In any case, I am happy to report that agenda item 5 for tomorrow now has backup docs affirming the $400 million figure, no doubt because of blowback from the media and public.
Moreover, Paredes has posted the audio from yesterday’s meeting in which you can hear the discussion of yesterday’s unanimous vote as well as how the debt issuance will impact our property tax.