How much can we afford?

Next year’s city tax rate looks like it will be 90.73 cents per hundred dollars of valuation.

That works out to just about 1% of the value of your property.

Of the 90.73 cents 61 cents will go to maintenance and operations.

The amount that we will have to pay to cover past bond issues and other debt will be 29.7 cents.

That means that 32.7 percent of the money we pay in property taxes will go to debt service.

These numbers don’t include the cost of the multi-purpose performing arts center or the cultural center which we have already approved.

I wonder how many of us spend 32.7 percent of our income on our home mortgages.

We deserve better

Brutus

7 Responses to How much can we afford?

  1. Anonymous says:

    The current tax situation is unsustainable. How is it that we have so many “news” organizations in this area yet not a single one has ever asked any local politician hard questions about spending or taxing the citizens of el paso. kvia was the baseball stadium and quality of life bonds biggest cheerleader.

    Liked by 1 person

    • It’s because they are wimpy and afraid that advertising dollars will dry up if they don’t RahRah everything that Foster and Hunt are selling.

      Like

      • Ticked off taxpayer says:

        John look at the lack of real economic development. Media organizations can’t afford to criticize our corruption because the only local ad dollars they get are politicians, the stadium, UMC, EPCC, Southwest University, ambulance chasing lawyers and auto dealers.

        Like

      • Cronkite says:

        Where were you when the Times reported on the negative aspects of the Great Wolf deal and objections to the land swap transaction with Foster? That’s a perfect example of them not getting credit when they do a good job.

        Like

        • elrichiboy says:

          The poor El Paso Times. The previous owners/managers worked very hard to destroy the brand. Remember when the Times editorialized for the ballpark, and the QOL bonds, and moving the local elections to coincide with national elections? And now they don’t get any credit for editorializing against the Great Wolf Lodge. Oh, wait. That wasn’t an editorial. That was a news story, voicing the concerns of another local developer. I guess they could have ignored that developer’s legitimate concerns, they way they ignored the legitimate concerns of the ballpark’s detractors. I reckon the previous management would have ignored it. But I don’t remember any recent editorials critical of local government. I haven’t read any editorials apologizing for the misguided visions of their previous administration. Sure, they run the occasional Letter to the Editor that’s critical of local government, but you don’t see any content from the editorial board. But you, Mr. Cronkite, think that they should get praised for taking one position in the last seven years that’s critical of our city government. Bravo, El Paso Times. Bravo.

          Like

    • Cronkite says:

      News organizations in El Paso are damned if they do and damned if they don’t. When they have done good reporting, either people ignore it and give them no credit; or those on whom they report give them hell and pull their advertising dollars. It’s a thankless job as the commenters here prove. El Paso has ended up with the media it deserves.

      Like

      • elrichiboy says:

        And the El Paso Times has ended up with the audience it deserves. Y’all dug your own grave by catering to the plutocrats at the expense of the average reader. I know, I know. Dead tree is a dying industry. So the Times cratered. Not everyone can afford principles.

        Like

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