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School board to borrow first $11M for tech upgrades

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Posted: Tuesday, April 1, 2014 9:00 pm | Updated: 12:21 am, Wed Apr 2, 2014.

It took the Board of Education just six weeks to borrow the first $11 million that was approved in February for technology, computer and software upgrades in the Santa Fe Public Schools.

In a 4-1 vote Tuesday, the board approved placing $11 million in bonds with the state of New Mexico, which will fund the first phase of what is being called the district’s Digital Learning Plan. The bonds and interest will be repaid with higher taxes on all property inside the district’s boundaries.

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Welcome to the discussion.

5 comments:

  • Charlene Cerny posted at 11:44 am on Fri, Apr 4, 2014.

    Normally Don't Comment Posts: 2

    I have voted for every bond issue for education in every election during my 40 years in Santa Fe. However, I stand opposed to this taxation without representation--the school board was remiss in choosing not to put this bond issue to a vote.

     
  • Dieter Engelke posted at 9:43 am on Thu, Apr 3, 2014.

    iknoweverything Posts: 20

    The fact remains that an unconstitutional amendment gave the school board the right to increase property taxes without any input from tax payers. This absurd action to provide computers for students. Who else in this state can reach into our pockets for more money?

     
  • scott smart posted at 10:19 am on Wed, Apr 2, 2014.

    scott Posts: 9

    So the school district floats a bond for 25 years to pay for technology with a useful life of 4-5 years, max. In 5 years do they plan on floating another bond? Where does it end? Who finances something over 25 years that will be outdated and obsolete in 5 years???

     
  • Jennifer Bizzarro posted at 6:32 am on Wed, Apr 2, 2014.

    Jennifer_Bizzarro Posts: 481

    Thank you, Mr. Wikle, for standing up for Santa Fe's homeowners/taxpayers and for your beliefs.

    I wonder where in Santa Fe anyone can find a home for $100,000? Even if this imaginary purchase were possible and the tax increase on the initial $11M was only $150 annually, the Board needs $55M!

    Using the Board's math, this would be a property tax increase of $750 per each $100,000 home in Santa Fe. Of course, homes cost much more than that in the City Different--and the $55M is just "an estimate."

     
  • Jennifer Bizzarro posted at 6:18 am on Wed, Apr 2, 2014.

    Jennifer_Bizzarro Posts: 481

    Thank you Mr. W

     
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