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El Paso City Council is considering issuing another round of non-voter approved debt, also known as certificates of obligation, for city infrastructure, quality of life projects and other municipal purposes.
At $96 million, these certificates of obligation could be issued to pay for streets, parks and the Mexican American Cultural Center.
Certificates of obligation are tools local governments can use, without voter approval, to pay for public construction projects. Funding for certificates of obligation comes from property tax revenues or other taxable revenues.
The certificates of obligation are part of a larger budget package as city officials prepare a budget over $1 billion for the 2022 fiscal year.