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Rio Rancho approves up to $25 million utilities revenue bonds for water and wastewater projects
6429851 · October 23, 2025
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Summary
The governing body approved ordinance O26 authorizing the issuance of up to $25 million in water and wastewater system improvement revenue bonds to fund parts of a five‑year capital plan.
The Rio Rancho governing body voted to approve an ordinance authorizing the issuance of water and wastewater system improvement revenue bonds with an aggregate principal amount not to exceed $25,000,000.
Financial Services Director Jaramillo told the council the bonds would finance improvements to the city’s water and wastewater systems and that the utility’s five‑year capital improvement…
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