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APS and CNM Ballot Questions

APS General Obligation Bonds and Taxes

The Albuquerque Public Schools (APS) Board of Education submits to the qualified voters of the APS District (city of Albuquerque, Bernalillo County and Village of Corrales in Sandoval County) two questions:

(1) continuing an existing Public Schools Capital Improvements tax (mill levy) and

(2) a General Obligation (GO) School District Bond.

Approval of the two questions will not raise taxes and property owners within the District will continue to be levied at the current tax rate for school improvements. Anticipated revenue:

Question 1 – Continuation of Public Schools Capital Improvements Tax (Mill Levy) = $190,000,000 over six (6) years;

Question 2 – School District GO Bonds (School Bonds) = authority to issue $100,000,000 in GO bonds over four (4) years.

The full PDF is available here: https://www.lwvcnm.org/wp-content/uploads/2019/10/APS-Capital-Bonds.pdf

Question 1: Continuation of Public Schools Capital Improvement Tax (Mill Levy)

Shall the Albuquerque Municipal School District continue to impose a property tax of $2.00 per each $1,000.00 of net taxable value of property allocated to the Albuquerque Municipal School District for the property tax years 2019, 2020, 2021, 2022, 2023 and 2024 for the purpose of (1) erecting, remodeling, furnishing and equipping, including security equipment, school buildings; (2) purchasing or improving school grounds; (3) maintenance of school buildings or school grounds; (4) purchasing and installing education technology improvements?

Question 2: Authority to Issue School District Bonds (School Bonds)

Shall the Board of Education of the Albuquerque Municipal School District, Counties of Bernalillo and Sandoval, New Mexico, be authorized to issue up to $100,000,000 of general obligation bonds for the purpose of erecting, remodeling, equipping and furnishing school buildings; purchasing or improving school grounds; purchasing computer software and hardware for student use in public schools; providing matching funds for capital outlay projects funded pursuant to the Public School Capital Outlay Act; or any combination of these purposes?

Central New Mexico Community College (CNM) Bond Issue

Central New Mexico Community College (CNM) is a public educational institution that is authorized to borrow money and issue general obligation bonds for funding of various projects. The bonds must be approved by a majority of qualified electors in Bernalillo and Sandoval counties. If approved, the bonds will be paid from general property taxes. The CNM bonds will provide $84 million for renovation and sustainability projects at multiple CNM campuses. If approved by voters, the $84 million will be used, along with an additional $27,5000,000 already available from state bonds and CNM internal funds, to fund the following projects:

For details, please see the PDF:

Question as it will appear on your ballot: https://www.lwvcnm.org/wp-content/uploads/2019/10/CNMgo.pdf

General Obligation (GO) Bonds

Shall Central New Mexico Community College issue its general obligation bonds, in one or more series and in an aggregate principal amount not to exceed $84,000,000, for the purpose of any, all or a combination of (1) erecting, furnishing, constructing, purchasing, remodeling and equipping buildings and utility facilities, (2) making other real property improvements, (3) purchasing grounds, and (4) purchasing grounds, and (4) purchasing and installing computer hardware and software?