Debt totals

Some of you have asked how much debt we have at the other taxing entities in El Paso.

This graphic came from the city’s 2016 certified annual financial report:

Your home cannot be in both the El Paso and Ysleta districts so you will need to subtract out whichever one is not applicable to you.

The debt total for the other taxing entities is almost two billion dollars.  Subtract $400,000,000 to eliminate a school district and you find that the total that applies to you is about 1.6 billion dollars.

That does not include the $668,000,000 that EPISD will issue soon.

Add the 1.6 billion to the $2,455,000,000 that the city owes and the total comes to around four billion dollars.

Your share is about $18,125.

You might keep that in mind when deciding about voting tomorrow.

We deserve better

Brutus

4 Responses to Debt totals

  1. Tickedofftaxpayer says:

    One other datapoint. Last year around June Mountain Star was talking about bringing a minor league soccer team and said they would build a 7500- seat indoor stadium for it downtown even speculating about capping the freeway with it. They needed it operational in 2018. Then they stopped talking about the facility they would build and a few months later the arena project popped up as a priority. How much of the arena rush is financing and how much is Mountain Star’s timeline? I guess we’ll know when Council announces a surprise tenant near the end of construction. Less than 5% of registered voters showed up to vote in the mayoral election. It would be good if more showed up for the runoff. I suspect a vote for Margo is a vote for donor driven policies like an arena that houses a Mountain Star soccer team.

    Like

  2. Haiduc says:

    I already voted and I believe they will still SPEND and TAX mas!

    Like

  3. Anonymous says:

    Brutus – So, which candidates do you endorse?

    Like

  4. Chico says:

    Wow. Thank you for the analysis.

    Like

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