News Column

Carlsbad Municipal Schools board approves $2.1 million in GO tech bonds

July 16, 2014

By Jessica Onsurez, Carlsbad Current-Argus, N.M.

July 16--CARLSBAD -- The Carlsbad Municipal Schools board approved a resolution authorizing the issuance of $2.1 million in general obligation bonds Tuesday night.

The resolution will allow the district to issue the bonds dedicated to education technology. The funds will go toward expanding SmartLabs in the schools including the installation of a lab in the new Intermediate school at the P.R. Leyva campus. In addition, the funds may be used to purchase software, maintain equipment and pay for Internet and implement infrastructure upgrades, which Superintendent Gary Perkowski said is much-needed in the district. An additional benefit of issuing the bonds allows the district to shift the cost of technology and technology maintenance from the operational budget to the bond funds.

The education technology bonds will be placed with the New Mexico State Treasurer's office at a record-low interested rate for the district at 0.2 percent. With such a low rate, Perkowski explained the cost to taxpayers will be nominal at $11.67 for the entire project. The GO bond resolution was passed unanimously, and will be issued in the following week as they do not require voter approval.

Reporter Jessica Onsurez may be reached at 575-491-4682.


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Source: Carlsbad Current-Argus (NM)

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