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Rio Rancho approves $690.9 million five‑year ICIP; utilities largest share of capital plan
3457812 · May 22, 2025
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Summary
The governing body adopted the fiscal 2026–2030 Infrastructure Capital Improvement Plan (ICIP), a five‑year list totaling $690.9 million that allocates the largest share to utility projects and leaves significant funding sources unidentified.
The Rio Rancho governing body approved the five‑year Infrastructure Capital Improvement Plan (ICIP) for fiscal years 2026–2030, a planning document that lists 115 projects totaling $690,900,000.
Financial Services staff said the FY26 ICIP contemplates $185,800,000 in pay‑as‑you‑go financing,…
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