ALBUQUERQUE, N.M. — City Hall is asking voters next week to approve about $115 million in bonds to pay for street repairs, library materials and other projects.
Approval of the program won’t result in a tax increase. New bonds are issued as old ones are paid off.
Rejection of all 10 bond questions would reduce property taxes about $24 a year for a home valued at $100,000, according to city estimates. That would be about $36 for a $150,000 home.
Voters will be asked to approve 10 bond issues:
- $11.6 million in public safety bonds. This covers firefighting equipment and station renovations, police car purchases and similar priorities.
- $10.4 million for senior, family and community centers and for community-enhancement projects. This includes $2 million for a joint economic-development venture with the University of New Mexico, an effort modeled on “Innovation Square” in Florida.
- $12.5 million for parks and recreation. The money would help pay for park renovation, improvements to Balloon Fiesta Park and a variety of other parks-related projects.
- $12.8 million for water conservation, energy-efficiency projects and improving public buildings and vehicles.
- $5.8 million for libraries and library materials.
- $39.1 million for street bonds. This would provide money for reconstructing major streets and intersections and improving medians, trails and traffic signals.
- $5.5 million for buses and other transportation projects.
- $10.1 million for storm-sewer projects.
- $5.1 million for improvements to the Biological Park, zoo, aquarium, museums and other cultural amenities.
- $2.5 million for affordable housing projects.