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
  1. What is a General Obligation Bond?
  2. What is the Current City of Las Cruces GO Bond Outstanding Debt?
  3. How much bonding capacity does the City of Las Cruces have for GO bonds?
  4. How does the City Pay Down the General Obligation Bonds?
  5. What is debt service?
  6. What is General Obligation Bond Cycling?
  7. Will Property Taxes go Down if I Vote No for the General Obligation Bonds?
  8. Will Property Taxes Go Up if I Vote Yes for the General Obligation Bonds?
  9. Why Are my Property Taxes Going Up?
  10. How are Property Taxes Calculated?
  11. What is Assessed Value?
  12. What is the Mill Rate?
  13. Who Determines the Mill Rate?
  14. When the mill rate is established, does it get applied only to existing property or to new property?
  15. Will there be future GO Bond Elections?
  16. Where can I submit a question?
View All