For those interested in the particulars about our city’s debt the city has reported that as of January 31, 2017 we owe one billion, two hundred ninety three million, thirty thousand dollars ($1,293,030,000) in general obligation debt.
We also owe:
$665,715,000 in water and sewer revenue bonds
$ 16,330,000 in airport revenue bonds
$ 96,607,000 in municipal drainage utility system bonds
$ 60,995,000 in ball park revenue bonds
That adds up to another $839,647,000 for a total of $2,132,677,000.
Payments on the $1.29 billion in general obligation debt are about $103,578,000 per year.
They reported property tax receipts at $153,490,605 for 2016.
We deserve better
Brutus
elpasospeak 
Let’s hand out more tax breaks to hotels and shopping malls!
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Totally agree. They keep giving tax breaks to the businesses and projects that they claim will increase our tax base.
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Let’s build a stupid arena downtown that will remain empty more than occupied, and add zero to our tax revenue! Let’s let Cohen Stadium remain largely unused as it continues to deteriorate, until we finally give it away to some developer! And, let’s not forget to continue to ignore the sorry state of our streets, that increase the cost of using our cars and add to the cost of city owned transportation, and that add nothing to attract new business.
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Good Grief ! This is messed up…
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Well, now, let’s not forget bicycle lanes no one uses and city owned bikes no one rides. And remember, we still got to build a new city hall made out of polished marble to replace the one torn down for the stupid baseball field, Oh, and the idiotic streetcars that don’t g
o anywhere!
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but,but, but, the Ball Park will save us.
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This is why I voted for Cager. Anyone but everyone else. How can we be taken seriously with this debt? Might as well be Cager.
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Are any of our council aware of this? How can they spend another nickel? We are in real deep trouble by these estimates.
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PLAY BALL!
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[…] in debt, and we’re in deep, as highlighted by Brutus over at ElPasoSpeak, here, and here, and […]
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