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In November, El Paso voters approved County Proposition A ($95,615,000 for parks and recreation), Proposition B ($26,700,000 for Medical Examiner facilities), and Proposition E ($32,710,000 for the Animal Shelter), for a total of $155,025,000.
In addition, the County authorized the issuance of a certificate of obligation in the amount of $54,000,000 this past May.
We spoke to County Chief Administrator Betsy Keller this afternoon and she stated that by the end of the current fiscal year, the County will issue 100% of the $54 million CO plus $12 million in general obligation bond debt. The CO debt will be balanced out by newly retired debt but the GO debt will be added to the total debt load.
The County faces a deficit of $18 million going into the next fiscal year and will have an estimated fund balance of $77 million according to Barbara Parker, the County Auditor.
In FY 2026, the County plans to issue $40-50 million in additional GO bond debt, which will have a 1.5-cent impact on the property tax rate.
We will update you during budget discussions in August and September.
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