What is General Obligation Bond Cycling?

Bond cycling allows the city to issue new debt without increasing the debt service. The debt service stays leveled when debt is cycled. If general obligation bonds are structured to be cycled every four years, the debt service will decrease the fourth year but will level out with the new debt.   

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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?