An Ordinance authorizing the issuance of City of El Paso, Texas, General Obligation Bonds, in one or more series, in an aggregate amount not to exceed $71,140,000; levying a continuing direct annual ad valorem tax for the payment of such Bonds; and resolving other matters which are necessary to effectuate such issuance, including the delegation of matters relating to the sale and issuance of such

Staff Report & Agenda Item Details

An Ordinance authorizing the issuance of City of El Paso, Texas, General Obligation Bonds, in one or more series, in an aggregate amount not to exceed $71,140,000; levying a continuing direct annual ad valorem tax for the payment of such Bonds; and resolving other matters which are necessary to effectuate such issuance, including the delegation of matters relating to the sale and issuance of such Bonds to an authorized City official within certain specified parameters.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.4/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).