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Hobbs board to ask voters to renew two mill levies in November; district reports recent bond sale at 3.24%
Summary
The Hobbs Municipal Schools Board approved a resolution to place two existing mill levies on the November 2025 ballot and received an update that the district sold bonds with a 3.24% tax-exempt rate and seven‑year final maturity.
The Hobbs Municipal Schools Board voted to place a renewal of two existing mill levies — the SB 9 two‑mill and HB 33 four‑mill levies — on the November 4, 2025, regular election ballot. The board approved the resolution by roll call vote: Calderon — yes; Jones — yes; Roman — yes; Board President O'Brien — yes.
The district’s fiscal advisor, Brad Angst of Stifel Public Finance, told the board the levies are local capital maintenance and improvement funding the state expects the community to provide for facilities. Angst said the levies have been in place for more than 10 years and the…
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