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Tel Shore Fund and other one-time sources eyed for parks, housing and public safety in Las Cruces
Summary
Councilors and staff debated tapping the Tel Shore Fund, cannabis excise tax and possible GRT increase to pay for parks renovations, affordable housing gap funding and a police real-time crime center; public commenters urged protection of the fund's corpus and safeguards for surveillance.
City staff urged council direction April 22 on several one-time funding choices to support 'community livability' projects, highlighting the Tel Shore Fund as a major discretionary source and proposing other revenue options including cannabis excise tax and a possible local bump in the gross receipts tax (GRT).
Barbara Vencomo, Chief Administrative Officer, summarized the Tel Shore Fund’s origin (prepaid 40‑year lease proceeds from Memorial Medical Center) and said the city’s most recent valuation cited in the presentation was approximately $42.9 million. She described existing restrictions (adopted by resolution) limiting the fund’s use to activities that support the health, housing and safety of city residents and listed current carryovers and new proposals totaling approximately $28.3 million in requests (carryovers of $5.5M plus $22.8M new proposals in presentation slides).
Departments presented sample requests…
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