GO Build Logo

The City of Las Cruces will hold a General Obligation (GO) Bond election on August 21, 2018. Now is your opportunity to provide your input about what projects should be funded by this GO Bond and help shape the future of our community!

Scroll to learn more about the upcoming GO Bond election, or tap the survey button below to add your voice to those talking about our community needs.

Quick Survey

About General Obligation Bonds

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 typically uses GO Bonds for initiatives including:
  • Parks and recreation facilities and improvements
  • Public facilities such as fire stations, police stations, libraries, senior centers
  • Infrastructure improvements such as roads, sidewalks, trails, and drainage facilities
  • Other projects with strong local support

Frequently Asked Questions (FAQ)

What is a GO Bond?

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 each specific project to be presented in a separate question for voter approval

How much bonding capacity does the city of las cruces have?

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.

Does Las Cruces have any GO Debt?

No, Las Cruces currently has no GO Bond debt.

How is the GO Bond debt retired?

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.

Will there be future GO Bond Elections?

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.

What is the tax impact on a typical home owner?

The tax impact depends on the size of the approved GO Bond election. A 1 mill tax levy results in a $10 million bond proceeds. A 2 mill tax levy results in a $20 million bond proceeds. A 3 mill tax levy results in a $30 million bond proceeds.

The following table shows the yearly impact to a typical homeowner for a GO Bond of different sizes:

Yearly Cost to a Typical Homeowner for a GO Bond of Different Sizes GO Bond Size ($Millions)
$10.00 $20.00 $30.00 $40.00
Full Value Assessed Value 1 Mill 2 Mills 3 Mills 4 Mills
$100,000$33,333$33.33$66.67$100.00 $133.33
$125,000$41,667$41.67$83.33$125.00 $166.67
$150,000$50,000$50.00$100.00$150.00$200.00
$175,000$58,333$58.33$116.67$175.00$233.33
$200,000$66,667$66.67$133.33$200.00$266.67
$225,000$75,000$75.00$150.00$225.00$300.00
$250,000$83,333$83.33$166.67$250.00$333.33

When will the final projects be selected?

The City is in the process of determining what projects should be funded and the size of the GO Bond issue.

The GO Bond Schedule:

February 15 to May 1, 2018 - Public Meetings and project vetting

May 4 - Final Ballot Information determined

June 4 - Council considers ballot approval

August 21 - Mail-in election for GO Bond

Does the City have other sources of capital funding?

Yes. Las Cruces has a Capital Improvement Program (CIP) that is now primarily funded by revenue bonds. These are bonds issue 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.

If approved, when would the tax increases go into effect?

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).

The Election

Jason Smith and Udel Vigil
Above: Jason Smith, CLC Deputy Fire Chief, on CLC-TV with Udel Vigil. Discussion available on Vimeo video platform.

The next General Obligation Bond election is on August 21, 2018. It will be a mail-in 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.

Share Your Thoughts with a Quick Survey

The City is in the process of determining what projects should be funded and the size of the GO Bond issue.

You can provide input by attending a public meeting, filling out a survey, or emailing your suggestions.

02-15-2018
Lynn Middle School
02-22-2018
Branigan Cultural Center
03-27-2018
Sage Café
04-03-2018
Branigan Cultural Center
04-14-2018
Frank O’Brien Papen Community Center

The last public meeting was Saturday, April 14 at Frank O’Brien Papen Community Center, 304 Bell Avenue.

Summary of Results to Date

The City received many comments during public meetings and email correspondence. These paraphrased comments received to date are available for download in Microsoft Excel (xlsx) format and plain text (csv).

Proposed Projects

The following unfunded priority projects have emerged from the public input process and the City's Capital Improvement Process as candidates for GO Bond funding. Preliminary funding amounts are included for each project

Planners are in the process of vetting these projects and refining budget estimates.

Park
Park Improvements

Hadley Recreation Center (e.g., lighting, irrigation), Park Rehabilitation (e.g., Unidad Playground, Desert Trails, Apodaca, Young) and various recreational upgrades (e.g., pickle ball, tennis, etc.)

Swimming Pool
Pool Enclosure

A regional recreation and aquatic center with a competitive outdoor pool.

Community park
Walking and Biking Trail Improvements

Upgrades to Citywide multi-use paths and trails, including the completion of a loop trail.

Fire Station
Fire Station 3 Replacement

Approximate 10,700 square feet located in the vicinity of North Valley Drive and West Amador.

Animal Shelter
New Animal Shelter

New shelter would be centrally located, possibly in conjunction with a dog park.

Thumbnail
New Sports Fields

Additional athletic fields for events like soccer, football, and baseball. Project includes facilities and covered parking.