Cilia Aglialoro, CTP, Treasurer
City of Albuquerque
City of Albuquerque
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City Councilor Brook Bassan proudly announces that at last night’s meeting, the Albuquerque City Council unanimously approved legislation to sell Gross Receipt Tax (GRT) Improvement Revenue Bonds and R-22-34, to appropriate $100,000,000, for which she was the lead co-sponsor in quality of life and infrastructure projects that will improve the lives of the Citizens of Albuquerque and continue to further the development of Albuquerque as a wonderful place to live and raise our families.
City Councilor Brook Bassan, who has championed this legislation for numerous years, stated, “This bill is the culmination of years of hard work by many people, including my co-sponsors, Councilors Isaac Benton and Dan Lewis. This will construct projects throughout the City to provide recreational opportunities for our residents and create a complex of regional sports facilities for swimming, BMX, indoor court games, shooting tournaments, and pickleball that will attract tournaments from throughout the Southwest and the Rocky Mountains regions. Hosting regional competitions will be a boost to the City’s economy. It will help fund critically needed housing and public safety services necessary for a resilient and stable City.”
The $100,000,000 will create a suite of comprehensive improvements across the City, including:
The City Council approved O-22-25 to authorize the selling of the GRT Bonds. The companion bill, R-22-34, approved the specific projects to be funded.
Councilor Bassan added, “I look forward to the improved quality of life these projects will bring for our children, our senior citizens, and the taxpayers who work so hard every day to build a great community.”