Truth or Consequences’ general obligation bonds will more than double property taxes—2.5 mills increase

Mark Valenzuela, Bosque Advisors' managing principal and the City of T or C's bond counsel
General obligation bonds are backed by a governmental entity's ability to levy taxes, sometimes described as "the full faith and credit clause." Despite vague ballot language, voters passed the issuance of $3 million in bonds last November, demonstrating faith in T or C government. Will faith persist? Should it?
Read MoreTruth or Consequences’ general obligation bonds will more than double property taxes—2.5 mills increase