Rio Rancho, New Mexico – The Rio Rancho Regional Area Chamber of Commerce announced the organization’s support of City of Rio Rancho’s three bond proposals slated to go before voters on March 1st.
“The need for the proposed bonds to pass will help the city continue filling the needs of our community” says Rio Rancho Regional Chamber President Jerry Schalow. “The City of Rio Rancho has put together broad, fiscally-responsible proposals to address the growing needs of our community, including public safety, quality of life facilities and road improvements. The Chamber Board of Directors voted unanimously to support passage of all bonds.”
“The Rio Rancho Regional Chamber of Commerce recognizes that fiscal management of city resources, city services and public safety is directly tied to the vitality of Rio Rancho business environment” says Chamber President & CEO Jerry Schalow. “We appreciate the numerous presentations the city is doing throughout the community to provide the opportunity to understand and analyze the need for these three separate bonds. We owe it to our community to provide adequate resources to ensure Rio Rancho is keeping up with expanding needs and growth.”
The permanent fund will provide additional reserves for the city that will build residual revenue for projects, infrastructure, and maintenance. The city of Rio Rancho has one of the lowest budgets in the state per capita and it is important to ensure our bond rating remains strong and the permanent fund will help the city maintain its high bond rating.
The Rio Rancho Regional Chamber encourages members and citizens to vote ‘yes’ on the bond proposals and the permanent fund.