A local businessman sues to block the tax anticipation notes
A local businessman and property owner sued the City, alleging the council approved the notes without notice to taxpayers of the debt terms and the taxes pledged to repay it, and sought a temporary injunction against issuing the debt.[1][2]
The plaintiff, an Amarillo businessman and property owner suing in a private capacity, alleged the council approved the notes without prior notice to residents of the debt terms and the taxes pledged to pay it, and sought a temporary injunction against issuing the debt.[1][2]
✓ Verified
The suit was filed May 27, 2022 and announced publicly in a statement on June 1, 2022.[1][2]