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Planning & Development Services

Bernalillo County has a continuous, six-year Capital Improvement Plan which provides a link between the needs and visions of the public and the county’s capital expenditure budgets.

Every two years, the Bernalillo County Board of Commissioners updates the Capital Improvement Plan for major county capital projects. The process includes gathering project ideas from citizens and neighborhood groups, conducting a systematic and simultaneous evaluation of the potential projects, and then prioritizing them.

The Capital Improvement Plan reflects the county’s needs and the county’s goals. 2014 is a General Obligation Bond year.   

Public submittals for the 2016 GO Bond cycle will end on May 6, 2016. To submit a request, please click here. 

Please click here to see the 2014 General Obligation Bonds Funding Project Summaries.

The deadline for non-profits to submit applications for capital outlay funding from the NM Legislature is Thursday, July 30, 2015 at 5 p.m. 

Eubank Boulevard in the Northeast Heights

111 Union Square SE,
Albuquerque, NM 87102
Phone: (505) 314-0436
Fax: (505) 314-0480
Hours: Monday - Friday 7:30 a.m. - 4:30 p.m.
Email: Clay Campbell

General Obligation (GO) bonds are a common type of financing instrument that enables counties and municipalities to borrow money at the lowest borrowing cost to finance needed capital improvement projects. General obligation bonds are secured by the full faith and credit taxing powers of Bernalillo County, which has the authority to levy and collect taxes.

Voters must approve bond questions before general obligation bonds can be sold. If citizens vote “yes” for a general obligation bond, they are giving their support to their local government to obtain funds to borrow money so that roads, parks, drainage facilities, libraries, public safety and other new capital facilities can be designed and constructed. Bonds also finance the redevelopment and improvement of older public buildings and facilities.

Local governments pay back the bonds between 10 and 30 years by using property tax revenues that will be collected in the future. The Bernalillo County Board of Commissioners adopts a Capital Improvement Plan every two years as a means of identifying those projects for which bond funding will be requested, as well as a way to identify capital projects’ funding needs and the sources to pay for them - such as general obligation bonds, State of New Mexico capital outlay funds, impact fees, and various federal programs that exist for transportation projects.

Bernalillo County carefully manages its AAA bond rating and bond capacity so that it can ensure bonds are sold at the lowest borrowing cost to the taxpayers without increasing taxes.

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