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Rio Rancho Public Schools outlines $80 million bond package for Nov. 4 ballot; district says property tax rate would not rise
Summary
Rio Rancho Public Schools officials used a Parent University livestream to outline an $80 million bond proposal that will appear on the Nov. 4 ballot and described the projects the district would fund if voters approve it.
Rio Rancho Public Schools officials used a Parent University livestream to outline an $80 million bond proposal that will appear on the Nov. 4 ballot and described the projects the district would fund if voters approve it.
"If the voters vote yes for the bond issue, your tax rate as a property owner in Rio Rancho will not increase," said Michael Baker, chief operations officer for Rio Rancho Public Schools. Baker said the district manages a bonding cycle in which older debt is paid down as new projects are added, allowing the district to issue new bonds without raising the current tax rate.
The package would fund a range of capital needs across the district. Baker said a…
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