Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hobbs board authorizes bond sale, plans to sell portion of voter‑approved package
Summary
The board approved a resolution authorizing the sale of school bonds and set maximum sale terms; advisers said the sale can proceed without raising the mill levy because of increased property valuations.
The Hobbs Municipal Schools Board on July 17 approved a resolution authorizing the sale of school bonds and establishing procedures for the sale and delivery of bonds voters approved earlier this year.
Nick Kane of Stifel Public Finance, the district's municipal bond adviser, told the board the district has roughly $128 million in remaining bonding capacity based on 2024 assessor valuations and that voters approved $40.5 million in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
