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Board approves reallocation of 2021 GO bond funds to contingency and two overbudget projects
Summary
The Santa Fe Public Schools board approved reallocating under‑spent 2021 general obligation bond line items into contingency and then allocating contingency funds to cover two over‑budget projects, including outdoor learning spaces and change orders for Santa Fe High commons.
The Santa Fe Public Schools Board of Education voted Sept. 25 to reallocate remaining funds in several 2021 general obligation (GO) bond line items into contingency and to move contingency funds to cover shortfalls on two over‑budget projects.
Staff presented a line‑item reconciliation showing projects that came in under budget and others that exceeded initial allocations. The board approved a motion to sweep underspent line items into contingency and to allocate contingency to fund outdoor learning spaces and change orders on Santa Fe High commons.
Board materials showed the 2021 GO bond was about 75%…
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