Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • High-Potential ELSS Funds in 2026
    • Tax deferral proposal could narrow mutual funds’ long-standing disadvantage, says ICI
    • Groww Mutual Fund Launches BSE Hospitals ETF To Tap India’s Healthcare Growth
    • Should you try the savings ‘ladder’ trend?
    • ‘No quick fix to a portfolio’: Radhika Gupta cautions investors chasing gold, silver, funds
    • VMC plans ‘blue municipal bonds’ | Vadodara News
    • 3 Thematic ETFs for the AI Revolution
    • From ₹12 lakh crore to ₹80 lakh crore: Mutual fund AUM multiplies 6x in a decade
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Bloomfield School District seeks to authorize general bond in special mail in election – The Tri-City Record
    Bonds

    Bloomfield School District seeks to authorize general bond in special mail in election – The Tri-City Record

    August 15, 2024


    Funds to be used for school construction and merger

    Poll worker Lisa Poulson Cuts stickers at the Farmington Museum on Tuesday, Nov. 7, 2023.

    Crystal Shelton

    Voters in the Bloomfield school district are being asked to authorize the general bond in the Tuesday special election in hopes to erect a new junior high and combine classes from Central Primary and Naaba Ani Elementary in a new building.

    If the bond is authorized, the district would issue up to $28 million of general obligation bonds for the purpose of erecting, remodeling, making additions to and furnishing school buildings, including teacher housing; purchasing or improving school grounds.

    In a town hall presentation, the district noted that the total residential tax rate is $12.065 and has remained constant for more than five years.

    According to the district website, the district utilizes two available funding sources, the two mill levy and the general obligation bonds.

    In the Nov. 7 regular local election, the Bloomfield public school capital improvements tax was approved with 630 in favor and 474 against. (Alx Lee / Tri-City Record)

    Alx Lee

    In the Nov. 7 regular local election, the Bloomfield public school capital improvements tax was approved with 630 in favor and 474 against.

    General obligation bonds are used for building construction, repair and maintenance. They can also be used for technology and software.

    Bonds authorized in the past were used for the construction of a high school, elementary school classroom additions, HVAC installation and roof repair.

    According to the 2024 New Mexico Condition Index, Central Primary, Naaba Ani Elementary, and Mesa Alta Junior High were all given a ranking that signified necessity in repair or replacement.

    “The closer a school is to the No. 1 spot, the more necessity for that building to be replaced,” said Superintendent Kevin Summers. “Additionally, schools in the top 100 are eligible for matching capital funds from the Public Schools Facility Authority.”

    The new elementary will house grades 1-5, reducing the number of transitions throughout their academic career, the district said in their town hall presentation.

    Mesa Alta will have grades 6-8, with a focus on building robust relationships.

    “The new elementary campus would be adjacent to the existing Mesa Alta campus, meaning that students will remain at the same physical campus from grade 1 through 8,” according to the district presentation.

    The district has no intention of building teacher housing or a new football stadium with the funds rather the intention is to replace the schools of Central Primary, Naaba Ani Elementary and Mesa Alta Junior High, Summers said.

    At the Aug. 13 school board meeting, Summers addressed the mail-in election and the efforts made by the district to inform the public.

    One of those efforts was a parent meeting at Blanco Elementary in which 40 parents attended and asked questions to cabinet members.

    Summers said the parents were supportive of the bond and hopes to see it approved on Tuesday.

    If the bond is not approved, the district will not continue with plans of constructions.

    “Instead, funds generated from taxes would only be used to fund District education technology needs,” Summers said.

    According to Summers, the last general obligation bond was passed in 2009 for $35 million.

    “Currently, the district still has about $6.3 million in outstanding debt from that bond; however, because the District is in a strong economic position it is able to pay it off now, before it comes due,” Summers said “As a result, the District is asking voters to authorize another $28 million in bonds to offset the debt we are ready to pay off. That’s one of the reasons why the tax rate won’t be affected.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Should you try the savings ‘ladder’ trend?

    February 11, 2026

    VMC plans ‘blue municipal bonds’ | Vadodara News

    February 11, 2026

    How to invest in them

    February 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The UK funds that have ticked (just about) all the boxes in the past three years

    February 10, 2026

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    High-Potential ELSS Funds in 2026

    February 12, 2026

    1. What are ELSS funds?ELSS (Equity Linked Savings Schemes) are tax-saving mutual funds that invest…

    Tax deferral proposal could narrow mutual funds’ long-standing disadvantage, says ICI

    February 11, 2026

    Groww Mutual Fund Launches BSE Hospitals ETF To Tap India’s Healthcare Growth

    February 11, 2026

    Should you try the savings ‘ladder’ trend?

    February 11, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Saxo Banque lance un plan d’investissement automatisé en ETF

    June 11, 2025

    $1,000 Can’t Make You A Millionaire If Shiba Inu Price Hits $0.0005 But ETFSwap (ETFS) Can Make You Millions With 90,000% Rally To $10

    October 24, 2024

    Rochester allots $60,803 of ARPA funds

    August 20, 2024
    Our Picks

    High-Potential ELSS Funds in 2026

    February 12, 2026

    Tax deferral proposal could narrow mutual funds’ long-standing disadvantage, says ICI

    February 11, 2026

    Groww Mutual Fund Launches BSE Hospitals ETF To Tap India’s Healthcare Growth

    February 11, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.