LAS CRUCES – Las Cruces City Council will convene a workshop on Monday to discuss upcoming bond issues, the city’s Telshor Facility Fund and the allocation of special tax revenue on cannabis.
Architectural research consultants, hired by the city to solicit public feedback for this year’s general obligation bond selection, will present to the council an update on public contribution activities, potential projects and costs. The CRA will also begin discussions on reducing a list of priority projects to present this election to voters.
To maintain the current level of real estate taxes set through the 2018 GO bond election, Las Cruces councilors must propose and approve a $ 23 million project package, which in turn will have to be approved by voters the November 8 general election. In 2018, voters approved four GO-funded projects that cost $ 35.6 million.
After multiple public meetings, the expansion of the East Mesa Public Recreation Complex and affordable housing were highlighted as top priorities among community members. Other potential projects include new city parks and park rehabilitation, expansion of the library system, development of trails and multi-purpose community facilities.
The council will also receive an overview of the Telshor Fund which will include information on its background, investment income, value of the fund, annual allocations for health-related utilities and other allocations. The fund is made up of the city’s share of lease payments made by private operators at Memorial Medical Center.
The Telshor Fund should be used to support the city’s sick and destitute populations, often through disbursements to local community non-profit organizations.
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Finally, the council will discuss where to allocate the local tax revenue generated by the new legal sales of adult cannabis. City officials presented information on cannabis tax revenue to the city’s Select Finance Committee on April 22 and the Economic Development Policy Review Committee on May 18, the city said in a statement. press release.
About a third of the revenue generated by the excise tax on cannabis is retained by the city. Las Cruces generated $ 3.3 million in medical and recreational cannabis sales in May. Medicinal cannabis is not taxed in New Mexico.
The city’s work session begins at 1 p.m., June 13, and will take place in City Hall City Hall, Main Street, 700 N. It will also be broadcast live on Comcast Cable Channel 20 and in high definition on channel 298. It will be broadcast live on YouTube at YouTube.com/clctv20 and will be available on clctv.com.
Michael McDevitt is a reporter for the city government and Sun-News County. You can contact him at 575-202-3205, email@example.com or @MikeMcDTweets on Twitter.