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Commissioners authorize up to $155 million in voter-approved general obligation bonds; court told debt will raise debt-service rate 1.5 cents
Summary
Following voter approval in November 2024, the court authorized issuance of up to $155.025 million in general obligation bonds for parks, a medical examiner facility and an animal shelter; staff estimated a 1.5-cent increase to voter-approved debt-service tax rate and discussed legislative risks to county borrowing authority.
El Paso County commissioners voted May 12 to authorize issuance of up to $155,025,000 in general obligation bonds that voters approved in the Nov. 5, 2024 election. The bond package covers three propositions: parks and recreation improvements ($95.6 million), a new office for the medical examiner ($26.7 million) and a county animal shelter ($32.7 million).
Danielle Chavez of the county’s capital planning office told the court the authorization preserves flexibility for structuring both tax-exempt and taxable components and said issuing the full authorization now protects the…
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