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Board approves bond-project budget and schedule after briefing on mill levy, SB 9 and state match for CLIF replacement
Summary
Consultant Mark Valenzuela and Superintendent William Hawkins briefed the board on mill-levy timing and state matching; after discussion the board approved the 2026–2028 bond-project budget and schedule, including plans to leverage a state contribution for a larger CLIF replacement project.
The Silver Consolidated Board approved a multi-year bond-project budget and schedule after hearing a detailed briefing about tax-rate timing, state matching and how an SB 9 outcome would change revenue distribution but not increase overall taxes.
Mark Valenzuela, the district’s bond consultant, told the board that New Mexico law requires the Public Education Department (PED) to set tax rates by mid-August based on available debt-service cash and voter-approved authority. Because a special bond election occurred on Aug. 20 — after PED’s statutory deadline — the district sold its first tranche of bonds in January and needed a higher debt levy in the interim. Valenzuela said the debt-service levy rose…
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