Menu

Sandoval County Bond Questions

Library    Safety&Telecom    Public Safety    County Hospital

Sandoval County General Obligation Bond Questions

Seal of Sandoval County
A bond represents a debt of money borrowed by a government to finance capital improvement projects. The government promises to repay the amount borrowed, plus interest, over a period of time. The bonds are called “General Obligation” because payment of the debt service (principal plus interest) is a general obligation of the county and its property owners. General Obligation bonds require approval by the voters. Because old bonds are retired as the new bonds are requested, passage of the bonds will generally not result in a property tax increase.

Bond Question 1 – Library Bonds

Shall Sandoval County be authorized to issue up to $3,285,000 of general obligation bonds, to be paid from property taxes, for the purpose of purchasing library books and resources, including equipment, upgrades, and improvements for libraries?

Bond Question 2 – County Public Safety and Telecommunication Equipment Bonds

Shall Sandoval County be authorized to issue up to $5,200,000 of general obligation bonds, to be paid from property taxes, for the purpose of designing, engineering, acquiring and installing County public safety and government telecommunication systems equipment?

Bond Question 3 – Public Safety Project Bonds

Shall Sandoval County be authorized to issue up to $4,850,000 of general obligation bonds, to be paid from property taxes, for the purpose of designing, expanding, equipping, furnishing, and otherwise improving public safety projects?

Sandoval County Hospital Property Tax Levy Question

For the purpose of providing operating revenues for medical services including new substance abuse treatment and trauma care, and a return of behavioral health services, shall Sandoval County, New Mexico impose a mill levy of one and ninety hundredths (1.90) mills each year for eight (8) years on each dollar of net taxable value of property in Sandoval County, to pay to Sandoval Regional Medical Center in accordance with a health care facilities contract with Sandoval County?