Live Breaking News & Updates on Streets Capital Improvement Program

The El Paso City Council voted in favor, 6-2, to approve three bond ordinances, Tuesday evening. 
The bond measures authorized more than $141 million in general obligation bonds and certificates of obligation to complete or begin deferred capital improvement projects that were approved by voters and city councilors. A certificate of obligation is debt issued without voters approval and is repaid through tax revenue. 
The council s action will have no impact on the city s tax rate,  a news statement from the city read.
This is a really great opportunity for the city from a financial standpoint, El Paso Chief Financial Officer Robert Cortinas said. This opportunity is to take advantage of really low interest rates right now. ....

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