Things are out of whack. For all the good things...if you're reading this you made it through COVID so let's take a proper moment of gratitude for that...we live in a great city unlike any other in the United States, but there are some clear danger signs.
We have a declining population with people fleeing some of the highest property taxes in the state. Even apartment renters are feeling it. They're paying higher and higher rent and they still can't afford to buy a house.
The City of El Paso is almost a billion dollars in debt. We are spending money like we're drunk with no end in sight. We have some of the highest Certificate of Obligation debt in the state and that gets paid by... who? You. Without ever asking or putting it to a vote, they just add it to your property tax bill.
New manufacturing, new jobs, new opportunities...they're coming...to Horizon or Socorro or Santa Teresa. Which is good, but it's not going to change the fact that residential home owners and multi-family dwellings pay 40% of the City of El Paso's general fund because our economic development policy fails to sufficiently recruit commercial business that attract jobs, pay taxes and start to take some of the load off residential property owners.
Here's a clue. You can't spend your way out of debt.
We have issues all right...stagnant growth, low wages, irresponsible spending, property taxes through the roof, a City Council that keeps piling on debt likes there's no tomorrow, and a City Manager that is not held to account for any of this.