According to the city’s 2015 financial report, the unfunded portion of the various (city employees, police and firemen) pension funds is about $355,000,000.
Add that to the $2.1 billion that we talked about earlier this week and we are at $2,455,000,000.
Don’t forget that the majority of the quality of life bonds need to be added in also.
You should also consider what the bill will be if the city ever decides to fix our roads.
We deserve better
Brutus
13 Comments | 
City government | 
Permalink
Posted by Brutus
Have you all noticed how little activity is occurring relative to the proposed arena?
Could it be that city council does not want to make waves during the campaign period?
Council has told us that the longer we delay construction the higher costs will be, yet they are doing nothing.
It seems again in this case that they are protecting themselves instead of the public.
We deserve better
Brutus
7 Comments | City government | Permalink
Posted by Brutus
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
10 Comments | City government | Permalink
Posted by Brutus
If for some reason you need to send your child to an EPISD school and must pay out of state tuition, the bill looks like it will be $933 per month.
Can someone give us an example of where this would apply?
We deserve better.
Brutus
13 Comments | El Paso Independent School District | Permalink
Posted by Brutus
The other day our president announced changes to the H1B visa program.
H1B visas are used to allow foreign nationals to come to the United States and work. They are to be used when companies cannot fill jobs with American citizens.
Some say that some companies game the system and use H1B’s to hire less expensive workers.
According to news reports, the new rules will require that competitive/market wages be paid to the foreign worker.
It seems that this might in some cases open up jobs to our citizens and as such sounds like a good thing.
We deserve better
Brutus
9 Comments | Federal Government | Permalink
Posted by Brutus
elpasospeak 
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