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Municipal advisors outline bond, tax-rate and PSFA options for Deming Public Schools; board to consider election timing
Summary
RBC Capital Markets municipal advisors briefed the Deming Public Schools board on capital funding options — general obligation bonds, education technology notes (ETNs), SB 9/HB 33 mill levies and PSFA/PSCOC rules — and presented election scenarios the board can consider before a likely November ballot placement.
Kaylee, a municipal advisor with RBC Capital Markets, told the Deming Public Schools Board of Education on Jan. 30, 2025, that the district must weigh several debt- and tax-rate options to fund school facilities, technology and possible school replacement work.
The presentation summarized local capital funding sources (general obligation bonds and education technology notes), pay-as-you-go levies (Senate Bill 9 and House Bill 33), and financing routes (public sale, negotiated sale, or financing through the New Mexico Finance Authority). The advisors also ran multiple election scenarios the board could choose for the November 2025 ballot.
Key figures presented by the advisers: - The district’s residential tax rate has been about $8.25, made up of a $5.75 general obligation (GO) debt-service rate plus a $0.50 operational rate and an SB 9 levy. The board’s current plan has been to keep tax rates level unless directed otherwise. - Deming Public Schools has about $22,235,000 of GO bonds outstanding and is approximately 55% bonded to…
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