The city’s internal audit department issued a report after reviewing the Economic and International Development department’s handling of incentive agreements.
Take a look at this:
Is anyone surprised?
We deserve better
Brutus
elpasospeak
City of El Paso debt=$2,670,400,000, county and school district debt=$1,600,000,000. Total $4.27 billion. Your share $19,350
elpasospeak 
the city is ran by a bunch of liars. who did not know this?
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The city, like the country, is a reverse Robin Hood economy run for the benefit of a donor elite. Wonder why your taxes go up? It’s partly because they don’t pay tax; you pay it for them.
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This is the same department that the city relocated to offices in Paul Foster’s building for which they are now paying rent. Coincidentally, Foster is a recipient of lots of incentives and subsidies.
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And yet our Mayor complains about CAD not valuing business properties high enough. Hey Mayor Margo, why don’t you and Tommy G walk over to the Economic Development office that you are renting from Paul Foster and see how many more unapproved incentives they are handing out because apparently once the giveaway starts it never ends….And FYI, when you criticize CAD, they don’t raise the valuations on the guys with attorneys who fight valuations, they just tell local small businesses their equipment didn’t depreciate and they’ll have the same valuation as the prior year because they know those guys won’t appeal.
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Not “won’t appeal” ….. can’t afford to appeal.
The Doubletree tax breaks went to two attorneys/developers who were friends of former mayor John Cook. Ask to see how much money the Doubletree owners paid to Cook after he left office.
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“Consultant Fees”
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[…] had a good post at ElPasoSpeak.com yesterday. His post included this […]
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Keep up the excellent work, Brutus. I’m a huge fan of yours.
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