A City of Las Cruces GO Bond Election will begin soon! Take a look at this CLC-TV video overview to learn what's at stake.
The City of Las Cruces held a series of public input meetings and opportunities to prepare projects for a General Obligation Bond election to be held in August. After hundreds participated in providing feedback through meetings or emails several projects were initially presented for a public survey and project scoping. Four bond questions have been proposed and can be viewed below. All of the projects have aspects addressing concerns from our citizens and each helps to meet the needs of our city.
The Las Cruces City Council adopted a resolution on June 4, 2018 that calls for a $35.6 million general obligation bond election, and proposed amendments to the Las Cruces City Charter regarding recall provisions. The special municipal election will run from Tuesday, July 24 through Tuesday, August 21, and will be conducted by mail-ballot. A change in state statutes, approved earlier this year by the New Mexico Legislature, requires the election to be conducted by mail. The election will be open to all registered voters living within the Las Cruces city limits. City residents who want to vote in the special election will have until 5:00 PM, July 24, 2018 to register in person at the Doña County Clerk’s Office, at the Doña Ana County Government Center, 845 N. Motel Boulevard, or until 11:59 PM July 24, 2018 at the Doña County Clerk's Website.
Accessible voting is available. Contact the County Clerk's Office at 575-647-7428.
Scroll down to learn more about the projects in each GO Bond question and see the public input that was obtained.View Survey Results
General Obligation (GO) Bonds are an important source of funding for basic capital improvements (bricks and mortar) that our growing community requires to thrive.
General Obligation Bonds are typically best suited for projects that benefit the general public but generate little or no revenue to pay debt service.
The City Council approved the following priority projects to be on the GO Bond election mail-ballot to be held from July 24 through August 21.
These projects emerged from the public input process and are described below. See how these projects will be presented on the mail-in ballot.
This project creates a new stray animal and adoption center along with administration offices on the site of the existing facility.
This project replaces the existing Fire Station 3, a building constructed in 1967. The replacement would add response capacity of the station for increasing call demand.
This project focuses on upgrades to Citywide multi-use paths and trails, and implements aspects of the Mesilla Valley Metropolitan Planning Organization (MPO) plan:
A GO Bond is a form of debt financing secured by property tax revenue - General obligation bonds can be issued for general purpose projects. The law requires like or similar projects to be presented in a separate question for voter approval.
State statute limits the amount of general obligation bonds issued by municipalities to 4% of total assessed valuation. The City of Las Cruces' current GO Bonding capacity is about $92 million.
No, Las Cruces currently has no GO Bond debt.
A GO Bond is typically paid back in 10 to 15 years with an interest rate based on the City's credit worthiness. A municipality can borrow at a better than private market rate.
Many communities issue and repay GO Bonds on a regular cycle - e.g. every 2 to 6 years. The City will evaluate the success of the upcoming election to determine the strategy for future elections.
The following table shows the yearly impact to a typical homeowner should voters approve a $35.6 million GO Bond that funds all of the proposed projects.
|Bond Size: Yearly Cost to a Typical Homeowner|
|Full Value||Assessed Value*||2.1 mills|
*Tax at 1/3 market valuation Median Home Value
February 15 to May 1, 2018 - Public Meetings and project vetting
May 4 - Final Ballot Information determined
July 24 through August 21 - Mail-ballot election for GO Bond
Special election ballots, mailed or hand-delivered, must be received at the County Clerk's Office by 7:00 PM on August 21.
Yes. Las Cruces has a Capital Improvement Program (CIP) that is now primarily funded by revenue bonds. These are bonds issued against a regular source of revenue such as the City's share of the New Mexico Gross Receipts Tax (GRT). You can find information about the City's CIP program here, at the Office of Management and Budget site.
Depending on which GO Bond requests are approved, the City will prepare for one or several bond sales spaced out to minimize interest cost and match project needs. Tax rates would be adjusted after the sale of the bond(s), and property owners would see that increase on their next property tax bill (issued annually).
Send in your thoughts to firstname.lastname@example.org.
The next General Obligation Bond election will run from July 24 through August 21. It will be a mail-ballot process.
The City of Las Cruces provides resources like this website to help you determine the issues and priorities that will be put to the community for a vote.
View a PDF presentation to the City Council about the projects within the GO Bond.
PDF format, 1 MB in size. Presented June 4, 2018.
The City welcomes your thoughts about the GO Bond and the implementation of its proposed projects.
You can provide input by attending a public meeting and emailing your suggestions to email@example.com.