Corrales village councilors Tuesday will decide on seeking state approval to raise $1.6 million for infrastructure improvements.
Up for debate is a proposed resolution authorizing village staff to submit an application for financial assistance to the New Mexico Finance Authority (NMFA).
The action indicates the village’s intent to issue the last of $4 million in general obligation bonds approved by Corrales voters in November of 2023. The Village sold the first $2.4 million batch of bonds in June of 2024…