Two property tax measures and a bond issue are on the ballot in the Albuquerque Public Schools district for the mail-in election that concludes Tuesday.
Ballots for the mail-in election must be received by elections officials by 7:00 p.m. on Tuesday, February 5. They may be mailed to or dropped off at the Bernalillo County Clerk’s office, or they may be dropped off at the county clerk’s office warehouse.
District officials estimated that approval of all three measures would provide $900 million in funding over the next six years.
Question 1 asks voters if they wish to renew the capital improvements property tax for the district at the existing rate of $2 for every $1,000 in property value. Funds for this measure are earmarked for maintaining public school facilities and purchasing equipment and technology.
Question 2 asks voters if they wish to increase the public school buildings property tax from $3.83 to $4.83 per $1,000 in residential property value and to $5.34 per $1,000 in non-residential property value. Funds from the tax are earmarked for constructing, furnishing, and making payments on buildings and for technology and equipment purchases.
Question 3 asks voters if the district should be authorized to issue up to $200 million in bonds at a tax rate of $1 per $1,000 in residential property value. Funds would be earmarked for buildings, school grounds, technology, and matching funds for capital outlay projects.
If all three measures are approved, taxpayers will see a total increase of $2 per $1,000 in assessed property value. If all three measures are defeated, taxpayers will see a decrease in their property tax rate of $2 per $1,000 in assessed property value.