2025 G.O. Bond Program

General Obligation bonds fund major projects in the city of Albuquerque

2025 GO Bond Book

The documents on this page describe the 2023 General Obligation Bond Program (G.O. bond program)

prepared by Mayor Timothy M. Keller and his staff, as adopted by the Albuquerque City Council

and placed on the ballot for final approval by the voters on Nov. 7, 2023. The G.O. bond program is one element

of the City of Albuquerque's Capital Improvement Program (CIP). The other main elements are

the Component Capital Improvement Program (CCIP) for Impact Fees, the Enterprise Fund capital

program, funded by revenue bonds, and the 10-year plan (Decade Plan) for capital projects.

Collectively these and other smaller capital funding sources, are referred to as the Capital

Improvement Program (CIP) for the City of Albuquerque.

General Obligation bonds (G.O. bonds) fund a host of capital improvements that directly affect the

basic needs and quality of life of every Albuquerque resident. These improvements include

police and fire facilities, vehicles and equipment; basic street and storm drainage improvements;

public transportation improvements; medians, parks, recreational and open space facilities;

cultural institutions, including the libraries and museums; senior and community centers; all

these capital facilities and more are funded primarily by general obligation bonds. Revenue

bonds typically fund improvements to the Sunport, Double Eagle II Airport and to the Solid Waste

Management and Disposal systems.

The planning process for preparation of the capital program is a collaboration among Mayor

Timothy M. Keller and his staff, the public, and the City Council. The City Council undertook

an analysis of the capital program and conducted two public hearings before it was amended and

adopted on April 17, 2023. The 2023 general obligation bond program will be placed on the ballot

for voter consideration in the municipal election scheduled for Tuesday, November 7, 2023.

To obtain a printed hard-copy of the full ten-year plan, please contact the Capital

Implementation Program at (505) 768-3830.