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Commission approves placing $8 million general‑obligation bond questions on November ballot
Summary
Grant County commissioners unanimously approved resolution R-26-37 to place two general‑obligation bond questions (total $8,000,000; $4M public facilities, $4M roads) on the 2026 general election ballot, and presenters said the proposal is structured to avoid raising the current tax rate if voters approve it.
The Board of Commissioners unanimously approved a resolution to ask voters to authorize an additional $8,000,000 in general‑obligation bonds, split evenly between public facilities and road projects, and instructed the county clerk to place the questions on the November 2026 ballot.
A county consultant explained New Mexico limits county bonding to 4% of assessed value and that the bond cycle program is designed to keep the mill levy stable by using voters' authorization in multi‑year cycles. The presenter said Grant County's assessed value is currently about $917,000,000 (taxed at 33% for purposes of calculations) and that the county manages the program to avoid a tax increase; Commissioner Medina asked for and received confirmation from the presenter that the bond proposal does not increase taxes if voters approve it.
Commissioner Stevens moved to approve the resolution; Commissioner Medina seconded. The resolution passed on a roll‑call vote recorded in the transcript as unanimous. The county will next provide ballot language and follow the election code requirements to place the measure before voters.
