Voters weigh property tax hike for Albuquerque schools
ALBUQUERQUE, N.M. (AP) — Albuquerque voters are considering a tax hike and bond sale that could result in millions of dollars for the city’s public schools.
The Albuquerque Journal reports that a total of $900 million is on the line for the school district in a special election, with the money earmarked for construction, maintenance, security, instructional equipment and technology.
The district has more than $1 billion in school improvements in the queue for the next six years. To get those projects done, it says voters need to approve all three ballot questions.
Superintendent Raquel Reedy calls it a community investment.
Critics say property taxes are already too high and point out that the district gets the second highest cut of property tax revenue.
If approved, residents could expect an average increase in combined property taxes of 4.7 percent.
Information from: Albuquerque Journal, http://www.abqjournal.com