EL PASO, Texas (KTSM) – El Paso city leaders are facing tough choices ahead as a new five-year financial projection shows city expenses are on track to outpace revenue. The shortfall is raising questions about how the city will balance its budget without adding to the burden of local taxpayers.
“Recently, it’s just the value that goes up year over year, and the taxes go up year over year. So it’s a burden for the community as a whole and for homeowners in particular. I feel like the commercial tax base is so much smaller or handles so much less of the tax burden in El Paso, and that that’s hard for all of us,” Kristi Borden, a longtime El Paso homeowner, said.
During a city council meeting last month, El Paso’s Chief Financial Officer, Robert Cortinas, presented five year outlook to City Council…