Bernalillo County’s Capital Improvement Program will host five countywide informational meetings in March and April to inform the public about the 2018 – 2024 Capital Improvement Plan and 2018 general obligation bond questions that will be on the November 2018 ballot.
A capital project is a “bricks-and-mortar” item that the county purchases, designs and/or constructs, such as land, buildings, equipment, roads and trails. Redevelopment of existing properties is also a capital project. A capital project must have a life span greater than 10 years.
Residents are invited to attend any of the Capital Improvement Program Public Meetings:
Tuesday, March 20 from 6 – 7:30 p.m., Hiland Theater, Studio F, 4800 Central Ave. SE
Tuesday, April 3 from 5 – 6:30 p.m., North Valley Senior Center, 3825 Fourth St. NW
Thursday, April 5 from 6 – 7:30 p.m., Raymond G. Sanchez Community Center, 9800 Fourth St. NW
Thursday, April 12 from 6 – 7:30 p.m., South Valley Multipurpose Senior Center, 2008 Larrazolo Road SW
Tuesday, April 17 from 6:30 – 8 p.m., Vista Grande Community Center, 15 La Madera Road
The Capital Improvement Plan serves as a guiding tool for the County Commission and county personnel to implement projects and to leverage one source of funding to obtain additional sources. The plan is updated every two years and involves recalibrating projects’ funding needs, informing the public about these needs, conducting a systematic evaluation and ranking of similar project types, and soliciting public comment.
When voters approve the sale of general obligation bonds, it allows local governments to sell the bonds, which is essentially borrowing money from investors (bond purchasers) at low interest rates to pay for the capital projects. Bonds are paid back using property taxes and if voters approve the 2018 general obligation bond package, taxes will not increase.
Residents can visit www.BernCo.gov/2018CIPGOBond for more information.