There are two questions on the ballot that affect Santa Fe Community College.
Combined, both questions would allow the college to restructure its finances by raising the amount of the bond charged for our operations while decreasing the amount of the bond charged for our debt service (capital costs).
The first question would allow the college to raise the portion of the bond it uses for operations.
The second question would allow $17 million in bonds which would lower the portion we use for capital costs, including debt repayment.
We did this deliberately so that tax rates would not increase. So even though the language is confusing, voting on both questions will result in no changes to the total tax rate.
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