A municipal bond advisor working with the district summarized assessed valuation, legal bonding limits and timeline options for voter‑approved general obligation bonds.

Key figures presented:
- The district’s 2024 assessed valuation was reported at about $1.4 billion; New Mexico permits up to 6% of assessed valuation in general obligation bonds, producing an authorized ceiling of roughly $88.3 million.
- After subtracting outstanding debt (about $15.5 million), the advisor said the district’s available voter authorization is about $72.5 million.

What the advisor recommended:
- Update the district facilities master plan. PSFA cost‑share programs typically require a current facilities master plan for waiver and capital eligibility; the district should apply to PSFA for partial reimbursement of master‑plan costs and begin the study immediately (the advisor estimated a 9–12 month planning timeline).
- Consider the election calendar: a November bond question gives the district time to conduct community engagement and present clear project lists. Approving a November 2025 ballot placement would require early summer board action to meet the clerk’s calendar.
- Consider the mill‑levy waiver strategy: if the state adopts a lower waiver threshold (discussion reported in the meeting), the district could seek more state participation in capital projects but must act before waiver program windows close.

Why it matters: Timely board decisions, a current facilities master plan and a planned community outreach effort increase the likelihood that voters will support bond questions and reduce the district’s out‑of‑pocket construction costs through state waivers.