Taos School District Proposes $50M Bond Election for November 2025

A significant decision was made at the Taos Municipal Schools Board meeting on July 23, 2025, as board members discussed a resolution to call for a school district election on November 4, 2025. This election will allow voters to decide on the approval of up to $50 million in general obligation school bonds aimed at funding various educational projects.

Superintendent Dr. Antonio Layton emphasized the importance of the bond, noting that it could lead to substantial state funding, potentially unlocking an additional $20 to $30 million for the district. The proposed bond would result in a modest tax increase for residents, estimated at around $2 per $1,000 of assessed property value, translating to an annual increase of approximately $233 for a home valued at $350,000.

Nick from Stifel Public Finance, the district's municipal bond adviser, presented updated assessed valuations, indicating a 2% growth in property values, which supports the district's ability to manage the proposed bond. He reassured board members that the tax impact would be manageable, especially if the community continues to grow.

Legal counsel Ian Beard clarified that the resolution is a procedural step to get the bond question on the ballot, and the board's role is to inform voters about the potential benefits of the bond. Discussions highlighted the need for clear communication with the community regarding how the funds would be utilized, including improvements to facilities and addressing Title IX compliance issues.

The board acknowledged the importance of transparency and detailed information to help voters understand the implications of the bond. As the election date approaches, the board plans to engage the community to ensure residents are well-informed about the proposed projects and the benefits of the bond, aiming for a successful vote in November.