GO Bond FAQs
- What is a General Obligation Bond?
- What is the Current City of Las Cruces GO Bond Outstanding Debt?
- How much bonding capacity does the City of Las Cruces have for GO bonds?
- How does the City Pay Down the General Obligation Bonds?
- What is debt service?
- What is General Obligation Bond Cycling?
- Will Property Taxes go Down if I Vote No for the General Obligation Bonds?
- Will Property Taxes Go Up if I Vote Yes for the General Obligation Bonds?
- Why Are my Property Taxes Going Up?
- How are Property Taxes Calculated?
- What is Assessed Value?
- What is the Mill Rate?
- Who Determines the Mill Rate?
- When the mill rate is established, does it get applied only to existing property or to new property?
- Will there be future GO Bond Elections?
- Where can I submit a question?
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