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Introduction
2007 General Obligation Bond Program and 2007-2016 Decade Plan
Get the Numbers
Interested in how this money is being spent? Check out the 2007 GO Bond spreadsheet, updated in June 2009.
This document summarizes the approved 2007 General Obligation Bond Program and 2007-2016 Decade Plan for capital improvements.
The General Obligation Bond Program for 2007 was established by R-06-21; Enactment 2006-039 at a minimum of $142 million, including a $9.0 million set-aside for Council-Neighborhood initiated projects. During the planning period, it was determined that the City's general obligation bond capacity has increased to $160 million, including Council-Neighborhood Set-Aside, 1% for Impact Fee Reductions; 3% for energy conservation and 1% for public art. The current value of the approved general obligation bond program is $149,387,000. When 1% for Public Art and Council-Neighborhood Set-Aside are added to the Mayor's recommendation, the total proposed General Obligation program will be $159,973,000. Departments submitted approximately $224 million in project requests for the general obligation bond program. In order to conform to the available funding, many City projects were reduced or deferred to out-years.
Mayor Martin Chávez is pleased to recommend the 2007 General Obligation Bond Program and 2007-2016 Decade Plan to the citizens of Albuquerque.
The General Election for the 2007 GO Bond Program is October 2, 2007.