GENERAL OBLIGATION BONDS THAT CANNOT EXCEED 16-MILLION DOLLARS GETS UNANIMOUS APPROVAL FROM THE BERNALILLO COUNTY COMMISSION. THAT FROM THE ALBUQUERQUE JOURNAL, WHICH REPORTS THE MONEY SHOULD BE AVAILABLE IN AUGUST.
VOTERS IN 2016 APPROVED ALLOWING THE COUNTY TO ISSUE UP TO JUST OVER 36-MILLION DOLLARS IN GENERAL OBLIGATION BONDS. IT’LL PAY FOR LIBRARY PROJECTS AT 750-THOUSAND DOLLARS …. 1-AND-A-HALF MILLION FOR PUBLIC SAFETY …. 850 THOUSAND DOLLARS FOR FACILITIES AND COUNTY BUILDINGS … AND 1-POINT-8 MILLION FOR PARKS AND REC PROJECTS. ANOTHER 8-MILLION WOULD GO TO TRANSPORTATION AND 3-MILLION WOULD BE USED ON STORM DRAINAGE AND UTILITIES PROJECTS.
WORD IS THERE’S ENOUGH IN PROPERTY TAX REVENUE PROJECTIONS TO PAY FOR THE BOND SALE WITHOUT RAISING THE BOND DEBT SERVICE TAX RATE.
