This document describes the approved 2009 General Obligation Bond Program and 2009-2018 Decade Plan for Capital Improvements. Collectively these projects are also referred to as the Capital Improvement Program (CIP) for the City of Albuquerque. 

Major capital improvements traditionally have been funded primarily with general obligation and revenue bonds. Beginning with the 2005 planning cycle, capital funding is provided for growth related projects through the imposition and collection of Impact Fees. Projects to be funded with impact fees may be found in the Component Capital Improvement Program (CCIP), which is included in this document. In many cases, funds are matched with Federal and/or State contributions, and private assessments. Matching funds include those from the Federal Department of Transportation, Federal Aviation Administration, Environmental Protection Agency, Economic Development Administration, State Department of Transportation, the State Legislature, and local special assessment districts. 

General obligation bonds (G.O. bonds) and impact fees fund a host of capital improvements that directly affect the basic needs and quality of life of every Albuquerque resident. Public safety equipment, including police and fire facilities and vehicles; street and storm drainage improvements; public transportation improvements; parks, recreational and open space facilities; cultural institutions, including the zoo and museums; senior and community centers; all these capital facilities and more are funded by some combination of general obligation bonds and impact fees. Revenue bonds fund improvements to the Sunport, and to the solid waste management and disposal system. Revenue bonds also fund improvements to the Albuquerque/Bernalillo County Water Authority Utility.