ALBUQUERQUE, N.M. (KRQE) – General Obligation Bonds are a source of revenue for capital projects that Bernalillo County uses and leverages to get federal grants. Every two years voters have a say in funding unmet needs in Bernalillo County, through these G.O. Bonds.
Bernalillo County currently has more than $584 million of unfunded capital projects. The 2022 bond package is worth $40.5 million and will be leveraged to local, state, and federal funding. The package will hope to meet needs in six areas.
- Public Safety, fleet, and facilities
- Parks and recreation
- Storm drainage and utilities
- Public housing