Certificate of Obligation

Dennis Petzold, a local contractor, opposed more certificates of obligation, highlighting the financial struggles of many families and the perceived imbalance in infrastructure development between different parts of Amarillo.

Opposed the certificate of obligation, arguing that disadvantaged families cannot afford additional debt and that infrastructure needs in North Amarillo are neglected compared to Southwest Amarillo.

As tax assessor, he expressed concern about taxpayers' ability to afford taxes and questioned the city's spending levels. He also shared experiences with the police department regarding ticket dismissals and traffic citations.

Opposed the $30 million certificate of obligation, questioning the need for debt financing when a budget should be sufficient, and highlighted unmet needs for drainage and sewage improvements in her area.

Douglas Abbey, Potter County Tax Assessor, spoke about taxpayers struggling to afford existing levies and urged the board to consider the financial strain before issuing more debt through Certificates of Obligation.

Mike Fisher discussed the original intent of Certificates of Obligation for emergencies and questioned the necessity of the proposed COs, also referencing TABC law regarding daycares and alcohol sales.

LaVonda Mosley opposed the $30 million certificate of obligation, questioning the need for it when budgets should be sufficient and highlighting unmet needs for drainage and sewer improvements in her area.