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El Paso County weighs multiple financing options for 2025 capital plan as lawmakers pursue limits
Summary
County staff presented debt scenarios including tax notes, certificates of obligation and pairing with low- or no‑interest state loans. Commissioners were warned of pending legislation that could limit use of COs and tax anticipation notes; court scheduled further decisions for early March.
El Paso County officials on Thursday outlined choices for financing projects in the county's multi-year capital plan, presenting scenarios that range from short-term tax notes to multi-decade certificates of obligation and pairing local debt with low- or zero-interest loans from state programs.
Jose Landeros, Strategic Capital Development, told commissioners staff and the county's financial adviser had prepared a range of financing scenarios the court could consider as it plans potential debt issuance in 2025 and beyond.
The nut graf: The court faces a near-term decision window (staff asked the court to aim for a structure choice by early to mid‑March) on how to balance a 5-cent "INS" (interest and sinking) debt-service tax rate that has funded essential public-purpose projects and the…
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