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Central Consolidated Schools board approves application to New Mexico Finance Authority for up to $5 million EdTech note
Summary
The Central Consolidated Schools Board authorized staff to submit an application to the New Mexico Finance Authority for up to $5 million in EdTech financing to maintain the district's mill rate; board members approved a minor typographical correction before voting.
The Central Consolidated Schools Board of Education authorized staff to submit a completed application for financial assistance and project approval to the New Mexico Finance Authority (NMFA) to support an EdTech note of up to $5 million.
The board voted to allow district staff to move forward with the NMFA application after Dominic Cetaney, the district's director of finance, described the request as "the initial step that needs approval by the board to move forward with issuing debt." Cetaney said the financing is intended "to keep our mill rate and maintain our mill rate." The board…
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