This November, the City of El Paso will ask its taxpayers to approve a $940 million bond.
“At the end of the day the taxpayer pays for it, and what I’m most excited for is you get to make a choice and you get to be very informed about how these things make a difference,” said Dionne Mack, deputy city manager for public safety.
Yeah! We get to make a choice and we get to be very informed about it!
In complete contrast to the way things usually get done by the City.
El Paso’s already running out of taxpayers, and eventually they’ll run out of taxpayers’ money.
El Paso’s money woes are compounded by the Quality of Life bonds that the city foisted on us in 2012. The real cost of those bonds are the opportunity costs they entailed. That half a billion dollars could have been spent for something worthwhile, like streets or education. Remember, the City still fighting to get that arena nobody wants and nobody needs.
And now they’re asking for another billion bucks. (With interest it’ll be closer to $2 billion.)
I guess you have to admire their nerve.