A dissenting vote cast last week against the city’s financing deal funding the upgrade of its wastewater treatment facility demonstrated how the once routine use of municipal debt has become a divisive political issue in Sierra Vista.
City Council Member Tom Crosby cast the lone vote against an item that secured a financing package of $8.3 million with Compass Bank at an interest rate of 2.66 percent over 15 years to fund an upgrade of the Environmental Operations Park (EOP), during Thursday’s council meeting. While Crosby criticized the...
