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Rio Rancho council adopts water/wastewater rate adjustment, approves $32M bonds, $140M IRBs and CDBG amendment
Summary
The City of Rio Rancho governing body on March 13 approved a 3% water and sewer rate adjustment (and a 5% bulk‑fill increase), authorized up to $32 million in gross receipts tax improvement bonds for road and fire‑station work, approved taxable industrial revenue bonds for a battery storage project totaling up to $140 million, and adopted a CDBG amendment redirecting funds to an ADA ramp project.
The City of Rio Rancho governing body on March 13 approved multiple measures, including a utility rate adjustment, a revenue bond authorization to fund road work and a fire station, industrial revenue bond authorizations for a battery project, and a substantial amendment to Community Development Block Grant (CDBG) action plans.
The governing body adopted, on second reading, an ordinance to adjust water and wastewater rates: a 3% adjustment was presented for water and sewer with a separate 5% increase for the bulk fill station. Steve Gallegos presented the ordinance as the second reading, saying the adjustments “will ensure that the utilities has the revenue required to maintain and operate a safe and reliable water and wastewater system.” Councilor List described the choice as difficult but deliberate, saying, “I just wanna say that I know that this is not fun,” and arguing a smaller, steady increase helps residents plan. Deputy Mayor Jeremy Linentine and other councilors voted to approve the ordinance (roll call: Councilor List — yes; Councilor Tyler — no; Councilor Dabson/Dapson — yes; Deputy Mayor Linnentine — yes; Councilor Weimer — yes; Councilor Culbreth — yes). The ordinance passed.
The council also approved by vote an ordinance authorizing the issuance and sale of…
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