Sat. Feb 24th, 2024

TWO SCHOOLS LOOK TO VOTERS TO KEEP CURRENT FUNDING

PORTALES (KSMX)- Two local school districts are looking to voters to approve measures to keep current funding in place for technology and other expenses.

The Eastern New Mexico News reports, Portales Municipal Schools is seeking to introduce a mill levy for the next five years, while Grady Municipal Schools seeks the authority to issue up to $400,000 in general obligation bonds.

“For property owners in the Portales school district, the 1.25 mill would run through 2024. The tax impact would be $41.67 annually on a $100,000 piece of property, but Portales Schools Superintendent Johnnie Cain said the goal is to phase out an existing bond to neutralize the impact. The school board passes a technology bond every two years, Cain said, and the school sells those bonds and pays off the amount over time with interest. But House Bill 33 allows school districts to instead use the mill levy and receive the money directly instead of paying interest”.

Election Day is Tuesday, with early voting running through Saturday at the Curry and Roosevelt county clerk offices.

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