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Capital Improvement Program

General Obligation (GO) bonds are one strand of revenue for capital projects that Bernalillo County uses and leverages to obtain additional funding from State of New Mexico Capital Outlay grants and federal transportation grants.

GO bonds are sold by the county to bond investors, subject to voter approval of separate bond questions, as a way to generate revenue for capital projects. Separate bond questions are posed for roads, drainage, utilities, county buildings, public safety, recreational facilities, and libraries. GO bonds must be sold within three years of voter approval. They must be fully spent on capital (bricks and mortar) projects, not on daily operations or maintenance, within four years of the bond sale. 

Voters are presented with GO bond questions posed by the county in elections held in even-numbered years, and all projects slated for GO bond funding are included in Bernalillo County’s six-year Capital Improvement Plan. GO bond funds are intended to go to the neediest projects, particularly those that are partially funded and need an extra push to achieve 100 percent funding. The County Commission has the ultimate authority as to which projects receive GO bond funding.

Each biennial GO bond package is approximately $25 million. Debt service to pay back the bonds dictates the amount of the bond package. While Bernalillo County could bond for a higher dollar value, it doesn’t so that debt service remains manageable. Debt service is akin to a monthly home mortgage payment; a family still has other living expenses to budget so it cannot devote 100 percent of its income to making the monthly home mortgage payment.

While the public is free to suggest capital projects to receive GO bond funding (see neighborhood request form below), the public must understand the tremendous demand and need for scarce capital project funds. As of 2015, Bernalillo County currently has more than $700 million of unfunded capital projects as part of its Capital Improvement Plan.

General Obligation Bond Documents
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Please click this link if you wish to submit a capital project for 2018 General Obligation bond consideration. The deadline to submit a request is May 4, 2018.

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Please click this link to see projects which respond to basic infrastructure, quality of life facilities, property and resource protection, economic development promotion, and animal welfare concerns that county residents value.

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Please click this link if you wish to see the complete inventory of Bernalillo County’s capital needs for future road, drainage, utility, recreation, public safety, and public building projects that was approved by the Board of County Commissioners in August, 2016

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Please click this link if you wish to see the final projects included in the 2014 GO Bond package approved by the Board of County Commissioners in September, 2014 and presented to the voters in November, 2014.

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Please click this link if you wish to see the complete inventory of Bernalillo County’s capital needs for future road, drainage, utility, recreation, public safety, and public building projects that was approved by the Board of County Commissioners in September, 2014.

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