October 17, 2014
Want to thank you all once again for passing the interest cap resolution in Las Cruces. You helped get the ball rolling in many other communities.
Interest rate cap resolutions that are nearly identical to the one the Las Cruces City Council passed have now also been approved in Albuquerque, Santa Fe, Alamogordo, Mesilla, Dona Ana County and by the New Mexico Municipal League. Other communities are also considering them. All votes have been unanimous – with the exception of 1 nay vote in Albuquerque.
Special thanks to Councilor Silva for pitching to the Municipal League and Councilor Pedroza for sponsoring the resolution in Las Cruces.