Amarillo Defies Voters, Spends Big Using Creative Debt Financing Scheme
A short, new video is making the rounds online, highlighting a troubling situation in Amarillo, Texas. Recall that in May, Amarillo city councilmembers voted 4-1 “to approve an ordinance authorizing and issuing $260 million in tax and revenue notes to fund the Amarillo Civic Center project.” City hall’s decision sparked outrage because just a short...