Albuquerque to Vote on 5-Year Tax Extension for Schools

Watts, Jim
January 2005
Bond Buyer;1/28/2005, Vol. 351 Issue 32059, p39
Trade Publication
The article reports that voters will decide on extending a property tax for five years to finance almost half of Albuquerque Municipal School District No. 12's five-year capital improvement program. The tax, if approved, would generate $218.6 million from 2005 through 2009. The district will ask voters in 2006 and 2009 to approve bond packages of between $70 million and $75 million each. Voters will also be asked to extend another property tax in 2007 to raise an additional $90 million. The current property tax levy is set to expire unless voters approve its extension.


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