What are GO Bonds & why are they on the voting ballot?
General obligation bonds are debt instruments issued by states and local governments, including Sandoval County, to raise funds for public projects that won’t generate revenue. What makes general obligation bonds (or GO bonds for short) unique is that they are backed by the full faith and credit of the issuing government agency. This means that the government agency commits its full resources to paying bondholders.
Ultimately, GO bonds give government entities, like Sandoval County, a tool to raise funds for projects that will not provide direct sources of revenue—roads, bridges, telecommunications devices, public safety equipment, facilities and the like. As a result, GO bonds are typically used to fund projects that will serve the entire community.
Below you’ll find information that will help you understand what each of the three bonds on this year’s ballot will do, how it will impact you and how it will impact the community. This information will help you cast your informed and educated vote on November 6!
To learn more about voting in Sandoval County, including polling locations, visit our Bureau of Elections Office.
Voters Approve GO Bonds
Election results are in and Sandoval County voters have overwhelmingly approved all three of the GO Bonds on the November 6, 2018 ballot.
Sandoval County teams will now work to complete the GO Bond Paperwork to allow for the projects detailed below to receive funding.
This bond would authorize Sandoval County to issue up to $3,385,000 of general obligation bonds, to be paid from property taxes, for the purpose of purchasing library books and resources, including equipment, upgrades and improvements for 17 public libraries in Sandoval County.
Public Safety & Telecom Bond
This bond would authorize Sandoval County to issue up to $5,200,000 of general obligation bonds, to be paid from property taxes, for the purpose of designing, engineering, acquiring and installing County public safety and government telecommunications systems equipment in Sandoval County.
Public Safety Bond
This bond would authorize Sandoval County to issue up to $4,850,000 of general obligation bonds, to be paid from property taxes, for the purpose of designing, expanding, equipping, furnishing and otherwise improving public safety projects in Sandoval County.
“Because the County is responsible with your tax dollars, and there is debt that has fallen off the books this year, there will be no increase in your property taxes if any or all of these bonds are approved.”Sandoval County Manager Dianne Maes
2018 GO Bond FAQs
- Calls for Service in Rio Rancho – On a fairly regular basis, our Sheriff’s deputies respond to calls for service in the city of Rio Rancho. This includes responding to things like traffic accidents, welfare checks, DWI’s, etc.
- Civil Service Process – Our deputies serve court orders issued by the various courts within Sandoval County. These orders include domestic violence and restraining orders, subpoenas, summons, evictions and more. There is high usage for this service within Rio Rancho. Plus, they also offer a low cost fee-based service for any Rio Rancho resident needing to have process documents served anywhere in the county.
- District Court Security – Our deputies provide court security to the 13th Judicial District Courts. The majority of cases presented in the courts are there because of an investigation by the Rio Rancho Police Department and involve a Rio Rancho resident as either the victim or suspect.
- Sex Offender Registry – The Sheriff’s Office manages all sex offender registration and monitoring for the county, including those who reside within the city limits of Rio Rancho.
In addition, if you take a trip to an unincorporated area of the County (like the Jemez Mountains or the Valles Caldera), and need emergency assistance, more than likely a deputy from the Sandoval County Sheriff’s will respond to assist you.