Carlsbad School District To Vote On Technology Bonds

The Carlsbad Municipal School Board has scheduled a special meeting for August 13th to discuss the potential sale of as much as 12-million dollars in so-called technology bonds. The money will allow the district to buy things like computers, software licenses, and other education technology equipment. The move would also NOT require a property tax increase, according to the resolution up for a vote during the special meeting. In 1996, voters approved the Educational Technology Equipment Act, which allows school districts in New Mexico to to create debt without submitting a ballot question to voters. The law states that school districts cannot become indebted by more than 6 percent of the assessed valuation of the taxable property within their district.