Transcript Highlights:

• We can, a lot of our fire trucks are done at 0%, and a lot of school bonds, a major portion of those
• We have 33 counties, 104 municipalities, the state, tribes, school districts, higher education institutions
• Chartered schools can be chartered by a local school district or by the Public Education Commission.
• School districts can own property, for example, and enter into a lease purchase agreement of that property
• Thank you for your investment in Rare Rancho. public school district in there, and so I very much appreciate

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• districts, charter schools, or private schools.
• district client or a charter school client.
• as well as school districts.
• Another provision in the bill would allow charter schools to join school districts. districts and others
• Many of your schools are purple star schools in your districts.

Bills: HB178 , HB178 , HB1551 , HB1939 , HB2040 , HB2354 , HB2674 , HB3029 , HB3460 , HB3631 , HB3662 , HB5201 , HB5381

Committee: House Public Education

Transcript Highlights:

• So, we school districts in our town.
• </c><01:44:30.719><c> districts</c> as um both towns and school districts as um both towns and school
• That's school<01:55:32.080><c> districts.
• And I'm not going to school districts.
• </c><02:11:51.079><c> district</c> changes to how our um school district changes to how our um school

Committee: Senate Election Law and Municipal Affairs

Transcript Highlights:

• , which is a blue ribbon school in my district, their library floods every time it rains during monsoon
• Next on our agenda, folks, we have Senate Bill 48, State Fairgrounds District Bonds.
• The way TIDs work is that you take the GRT from the district to pay off the bonds.
• GRT from the district pay off the bonds.
• be sufficient revenues, no shortfall by the district in the issue and payment of the bonds.

Summary: The committee first heard House Bill 248, the general obligation bond bill, which would authorize about $392.5 million in bond capacity for senior centers, libraries, and higher education, special schools, and tribal school projects. The sponsor highlighted major projects including a new UNM School of Medicine, a multidisciplinary building at NMSU, renovations at New Mexico Tech, a technical innovation center at CNM, an agricultural science and arts building at ENMU, and library renovations at New Mexico Highlands. Public testimony was supportive, especially from the New Mexico Library Association, and members discussed how the bond process works, including application timing, readiness to spend funds, voter approval, and how unspent bond proceeds revert. The committee voted do pass on HB 248 without opposition. The committee then considered House Bill 309, which would clarify property tax valuation rules for electric energy storage facilities by extending the existing special valuation method for electric generation, transmission, and distribution to battery storage and similar technologies. Supporters from PNM, InterWest Energy Alliance, and Inventergy said the bill would provide consistency and clarity as storage becomes more important to grid reliability and clean energy development. Members raised questions about depreciation, the 12-year schedule, the 20% floor on valuation, possible effects on local government revenues, whether the bill would apply to utilities and co-ops, industrial revenue bonds, and whether it covered microgrids or only battery systems. The committee approved HB 309 on an 8-3 vote. Finally, the committee heard Senate Bill 48, which would authorize $92 million in bonds for the State Fairgrounds District to support redevelopment of the southwest corner of the fairgrounds, including land acquisition, green space, water and sewer infrastructure, and traffic calming and pedestrian safety improvements near San Pedro and Central. Support came from neighborhood groups, housing advocates, the city of Albuquerque, the chamber of commerce, and others who described the project as a long-term investment in safety, infrastructure, and economic revitalization for the surrounding area. Members questioned the bond repayment structure, the 25-year term, the use of district gross receipts and gaming tax revenues, parking impacts, and future bonding needs. The committee voted do pass on SB 48 by a 10-2 margin.

Transcript Highlights:

• district from school district premises, creating criminal offenses.
• So in SB 9, there's a provision that the conditions of bond set by a district judge, right?
• This is going to give a very limited opportunity for the district judge who set the bond, so we're not
• SB 843 by Kolkhorst. relating to a Texas Education Agency database of school district bonds, taxes, and
• district bonds and taxes. information about school district bonds, including charter schools and charter

Bills: SB664 , SB40 , SB9 , SJR1 , SJR5 , SB27 , SB207 , SB2938 , SB1901 , SB1227 , SB1248 , SB912 , SB1321 , SB2143 , SB2145 , SB1497 , SB1239 , SB2180 , SB1388 , SB1762 , SB1662 , SB1951 , SB1537 , SB493 , SB378 , SB1020 , SB1018 , SB992 , SB958 , SB920 , SB1350 , SCR25 , SB687 , SB1332 , SB2185 , SB552 , SB664 , SB40 , SB9 , SJR1 , SJR5 , SB458 , SB482 , SB927 , SB984 , SB651 , SB1620 , SB2124 , SB2448 , SB841 , SB843 , SB402 , SB2662 , SB2053 , SB2332 , SB2112 , SB745 , SB1247 , SB1789 , SB27 , SB207 , SB2938 , SB1901 , SB1227 , SB1248 , SB912 , SB1321 , SB2143 , SB2145 , SB1497 , SB1239 , SB2180 , SB1388 , SB1762 , SB1662 , SB1951 , SB1537 , SB493 , SB378 , SB1020 , SB1018 , SB992 , SB958 , SB920 , SB1350 , HCR76 , HCR127 , HCR9 , HCR40 , HCR118 , HR559 , HCR59 , HCR135 , HCR141 , HCR46 , HCR109 , HCR10 , SCR25 , HB2525 , HB142 , HB140 , HB29 , HB451 , HB3809 , HB3307 , HB 1130 , HJR1 , HB9 , SB17 , SB260 , SB509 , SB1506 , SB1637 , SB2308

Transcript Highlights:

• to the school district.
• to the school district.
• Louis City public schools and our largest state school district, the Springfield Public School District
• . ...city public schools and our largest state school district, the Springfield Public School District
• The Springfield, the number one school district in the state, the Springfield Public School District

Committee: House Special Committee on Property Tax Reform

Summary: The committee met in executive session and first took up House Bill 2709, including a substitute that combined language from HB 2709 and HB 2671. Members debated an amendment that would have separated the Hancock-by-subclass portion from a personal property tax provision; supporters said it would make the bill cleaner and preserve a separate property tax issue already addressed elsewhere, while opponents argued it would create inconsistency. The amendment failed, the substitute was adopted, and the House Committee Substitute for HB 2709 and HB 2671 was voted do pass by a roll call of 14 yes and 5 no. The committee then passed HB 1759 do pass by a vote of 12 yes and 7 no, with one member noting that additional tweaks were expected on the floor. Next, the committee considered HB 2925, where Representative Fowler offered Amendment 04H to remove the requirement that property tax elections be held in November and replace it with an affirmative-consent standard requiring both a majority of votes cast and at least 25% of registered voters voting yes. Supporters said the change would avoid forcing local tax elections into a narrow election window and would require broader voter buy-in for long-term tax obligations; opponents argued it would be a major change that should receive more public review and could distort local election participation. The amendment failed 5 yes to 14 no, and HB 2925 was then voted do pass 11 yes to 8 no. In public testimony, Representative Van Schoiack presented HB 2415, which would require assessors to use a cost approach rather than a market approach for valuing buildings, while still valuing land through the market approach. He said the bill was intended to address over-assessment in larger counties and under-assessment in rural counties, and to make valuations more objective. Testimony was mixed: a public advocate supported the idea as a way to address rising taxes and tax sales, while county assessors and other witnesses said assessors already use multiple approaches, that cost approach works best for new or rural properties but can be subjective for older buildings, and that forcing one method statewide could create inaccuracies and large valuation swings. No action was taken on HB 2415 during the hearing. The committee also heard HJR 148 and HJR 111, presented by Representatives Coleman and Taylor, to bring Kansas City Public Schools under Hancock limits like other districts. Sponsors said KCPS is the only district still operating under a special court-imposed arrangement from desegregation-era orders and that the proposal would keep the district at its current levy while requiring voter approval for future increases. KCPS Superintendent Jennifer Collier opposed the measure as written, saying the district does want to come under Hancock but needs to do so on its own timeline and with a planned April 2027 levy proposal that would maintain the current rate; she said the district is now fiscally stronger and has community support, including passage of an 85% bond issue. Committee members questioned the legal basis, the effect on KCPS and charter schools, and whether the proposal would interfere with the district’s planned ballot strategy.

Transcript Highlights:

• The reason why is a lot of our school districts, they get a very large school districts, they get a very
• Um and some school districts, for instance, I some school districts, for instance, I some school districts
• in my district 5 or 6A against a school in my district 5 or 6A against a school in my district 5 or
• Uh Satoma High School is in my district. Satoma High School is in my district.
• Goodness. within school districts for student athletes, school districts for student athletes, school

Bills: HB 1500 , HJR 7 , HJR 112 , HB 34 , HB 133 , HB 112 , HB 119 , HB 128 , HB 130 , HB 132 , HB 2756 , HB 166 , HB 406 , HB 186 , HB 271 , HB 331 , HB 380 , HB 1583 , HB 1584 , HB 1819 , HB 621 , HB 303 , HB 552 , HB 366 , HB 463 , HB 1211 , HB 1327 , HB 1461 , HB 923 , HB 1760 , HB 2043 , HB 2467 , HB 5333 , HB 5265 , HB 1592 , HB 1576 , HB 1552 , HB 2018 , HB 3511 , HB 1781 , HB 2013 , HB 2340 , HB 2349 , HB 2508 , HB 2970 , HB 2520 , HB 865 , HB 2851 , HB 3385 , HB 3336 , HB 3529 , HB 3309 , HB 1127 , HB 1232 , HB 1397 , HB 4236 , HB 1804 , HB 1926 , HB 4041 , HB 1965 , HB 1964 , HB 2679 , HB 2730 , HB 3698 , HB 3699 , HCR 77 , HB 3354 , HB 163 , HB 201 , HB 272 , HB 333 , HB 405 , HB 519 , HB 569 , HB 654 , HB 694 , HB 791 , HB 1006 , HB 1136 , HB 1240 , HB 1266 , HB 1275 , HB 1437 , HB 1532 , HB 1675 , HB 1842 , HB 1868 , HB 1888 , HB 1894 , HB 1943 , HB 1990 , HB 2029 , HB 2061 , HB 2286 , HB 2523 , HB 2622 , HB 2626 , HB 2652 , HB 2692 , HB 2842 , HB 2885 , HB 2914 , HB 3016 , HB 3096 , HB 3129 , HB 3248 , HB 3251 , HB 3255 , HB 3479 , HB 3611 , HB 3623 , HB 3701 , HB 3724 , HB 3803 , HB 3804 , HB 3805 , HB 3806 , HB 3810 , HB 3816 , HB 3832 , HB 3887 , HB 4127 , HB 4129 , HB 4130 , HB 4131 , HB 4163 , HB 4187 , HB 4229 , HB 4238 , HB 4454 , HB 4588 , HB 4643 , HB 4736 , HB 4738 , HB 4739 , HB 4945 , HB 5015 , HB 5616 , SB 767 , SB 1619 , SB 1738 , HJR 5 , HJR 2 , HB 1399 , HB 388 , HB 114 , HB 205 , HB 2789 , HB 2791 , HB 499 , HB 2960 , HB 3163 , HB 3135 , HB 2427 , HB 1672 , HB 1722 , HB 2618 , HB 879 , HB 1126 , HB 4134 , HB 3513 , HB 1445 , HB 1893 , HB 1734 , HB 3229 , HB 3306 , HB 1276 , HB 3516 , HB 4145 , HB 1585 , HB 4810 , HB 2558 , HB 2742 , HB 1695 , HB 33 , HB 144 , HB 109 , HB 103 , HB 148 , HB 3809 , HB 2217 , HB 220 , HB 2421 , HB 2363 , HB 421 , HB 2455 , HB 3711 , HB 2559 , HB 2775 , HB 3126 , HB 3666 , HB 3595 , HB 3260 , HB 3376 , HB 3826 , HB 3770 , HB 1831 , HB 2614 , HB 3113 , HB 322 , HB 431 , HB 869 , HB 1203 , HB 1244 , HB 1875 , HB 1950 , HB 2152 , HB 2341 , HB 2809 , HB 2856 , HB 3012 , SB 1415 , SB 1058 , SB 487 , SB 1499 , SB 513 , SB 1697 , SB 1197 , SB 1437 , SB 1809 , SB 836 , SB 1879 , SB 1145 , SB 963 , SB 1038 , SB 1147 , SB 914 , SB 711 , SB 1409 , HB 3707 , HB 589 , HB 1360 , HB 2337 , HB 2391 , HB 718 , HB 23 , HB 2436 , HB 1500 , HJR 7 , HJR 112 , HB 34 , HB 133 , HB 112 , HB 119 , HB 128 , HB 130 , HB 132 , HB 2756 , HB 166 , HB 406 , HB 186 , HB 271 , HB 331 , HB 380 , HB 1583 , HB 1584 , HB 1819 , HB 621 , HB 303 , HB 552 , HB 366 , HB 463 , HB 1211 , HB 1327 , HB 1461 , HB 923 , HB 1760 , HB 2043 , HB 2467 , HB 5333 , HB 5265 , HB 1592 , HB 1576 , HB 1552 , HB 2018 , HB 3511 , HB 1781 , HB 2013 , HB 2340 , HB 2349 , HB 2508 , HB 2970 , HB 2520 , HB 865 , HB 2851 , HB 3385 , HB 3336 , HB 3529 , HB 3309 , HB 1127 , HB 1232 , HB 1397 , HB 4236 , HB 1804 , HB 1926 , HB 4041 , HB 1965 , HB 1964 , HB 2679 , HB 2730 , HB 3698 , HB 3699 , HB 3354 , HB 163 , HB 201 , HB 272 , HB 333 , HB 405 , HB 519 , HB 569 , HB 654 , HB 694 , HB 791 , HB 1006 , HB 1136 , HB 1240 , HB 1266 , HB 1275 , HB 1437 , HB 1532 , HB 1675 , HB 1842 , HB 1868 , HB 1888 , HB 1894 , HB 1943 , HB 1990 , HB 2029 , HB 2061 , HB 2286 , HB 2523 , HB 2622 , HB 2626 , HB 2652 , HB 2692 , HB 2842 , HB 2885 , HB 2914 , HB 3016 , HB 3096 , HB 3129 , HB 3248 , HB 3251 , HB 3255 , HB 3479 , HB 3611 , HB 3623 , HB 3701 , HB 3724 , HB 3803 , HB 3804 , HB 3805 , HB 3806 , HB 3810 , HB 3816 , HB 3832 , HB 3887 , HB 4127 , HB 4129 , HB 4130 , HB 4131 , HB 4163 , HB 4187 , HB 4229 , HB 4238 , HB 4454 , HB 4588 , HB 4643 , HB 4736 , HB 4738 , HB 4739 , HB 4945 , HB 5015 , HB 5616 , SB 767 , SB 1619 , SB 1738 , HCR 77

Transcript Highlights:

• <c> adopted</c><00:16:40.800><c> a</c> and school districts that have adopted a and school districts
• </c><00:21:22.080><c> Governance</c> of the School District Governance of the School District Governance
• </c><00:21:38.720><c> districts</c> seven towns and two school districts seven towns and two school districts
• </c><01:00:30.079><c> They</c> school districts don't do that. They school districts don't do that.
• </c> school district within the in the town. school district within the in the town.

Committee: Senate Election Law and Municipal Affairs

Transcript Highlights:

• We have a number of school districts.
• The general obligation pledges, in addition to the GO pledges of those school districts, we also have
• a state backstop on school district loans.
• So when we buy that school district's bond, they've issued it, and we've purchased it and held it in
• Of making a loan to the school district, they may not know at the time that they asked us to.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• And I have to say, in the north, I work with two school districts.
• A bill amending the Public School Finance Act, requiring school districts and charter schools to report
• approval of distance learning programs, providing a process for school districts and charter schools
• Act, requiring school districts and charter schools to report membership estimates of students to be
• enrolled as distance learning students, requiring school districts and charter schools to maintain certain

Bills: HM3 , HM11 , HM14 , HM15 , HM21 , HM25 , HB9 , SB2 , SB19

Transcript Highlights:

• in many of our school districts.
• She's a fourth grader at La Union Elementary School with the Gadsden Independent School District.
• She attends ninth grade at Gadsden High School in the Gadsden School District.
• The bill permits the district to issue bonds up to $92 million.
• The bill permits the district to issue bonds up to $92 million.

Transcript Highlights:

• I represent District 12.
• The school district is the school district... District the same line as the county line?
• I'm the District Engineer, and our commissioner for District 3 is.
• The map of District 3 shows how District 3 is carved out of the state.
• We had school district cooperative agreement cap funding, which is county material program school bus

Transcript Highlights:

• I'm the CFO for the White Pine County School District.
• There are certain school districts that qualify under that fund.
• There are other school districts that can actually apply for the available bonding, not that it'll be
• District and other school districts choosing to participate to establish a workforce pipeline to help
• District and other school districts choosing to participate to establish a workforce pipeline to help

Committee: Senate Government Affairs

Transcript Highlights:

• You know, my school district and many of the school districts that are represented by people around this
• We had associations of school districts come in.
• We had associations of school districts come in.
• school districts come in associations of school districts come in they<00:29:40.360><c> said</c><00:
• from like a have on all of our districts from like a bonding bonding bonding perspective<00:53:52.720

Committee: House Rules and Legislative Administration

Transcript Highlights:

• Are you anticipating that the school districts, the taxing entities, would be giving them this information
• So if I was to go to that website and look it up, I could see a specific school district, or it would
• be the collapse of all school districts.
• Yes, it would be accessible per taxing entity, so each school district would provide that information
• School.

Bills: HB 103 , HB 1256 , HB1587 , HB1632 , HB2027 , HB2525 , HJR88 , HJR138 , HB103

Committee: House Ways & Means

Transcript Highlights:

• in many of our school districts.
• She's a fourth grader at La Nogueum Elementary School with the Gadsden Independent School District.
• She attends ninth grade at Gadsden High School in the Gadsden School District.
• The bill permits the district to issue bonds up to $92 million.
• after the residency instead of a public school in the sponsoring school district, and providing that

Summary: The Senate convened for an Indian Day/Native American Day session featuring prayers, drum and color guard presentations, and extensive recognition of tribal leaders, students, royalty, and community advocates from across New Mexico and neighboring tribal nations. Senators used the morning to introduce guests and speak about Native sovereignty, language preservation, education, water access, economic development, and the importance of tribal-state relationships. Several speakers highlighted personal and family ties to Native communities, while others emphasized ongoing work on issues such as clean water for Navajo communities, Native youth leadership, and missing and murdered Indigenous women and relatives. A major non-ceremonial item was the reading of Senate Executive Messages from the governor authorizing consideration of Senate Bills 306, 309, 312, and 313. Those bills would, respectively, change licensure rules for certain institutions, alter lottery tuition fund deposit requirements, and repeal or revise provisions related to safety helmets and child restraint devices in negligence and damages law. The Senate also received committee reports advancing House Bill 34, Senate Bills 204, 241, 77, 152, 190, and 143, along with confirmations for Elaine Luna and Grace Margaret Herrera to the New Mexico Highlands University Board of Regents. The Rules Committee also reported on the governor’s appointment of Don Walters as child advocate for the Office of the Child Advocate. The chamber also adopted a Senate resolution recognizing February 6, 2026, as New Mexico Speech, Language, and Hearing Association Day, with Senator Pope speaking in support of audiologists and speech-language pathologists. Throughout the session, members repeatedly acknowledged the prior night’s Senate-House basketball game, which raised more than $26,000 for cancer, and used the occasion to thank participants and guests. No roll-call votes were recorded in the transcript beyond voice votes adopting the committee reports and the unanimous-consent actions on floor procedures and guest access.

Transcript Highlights:

• These bonds are proven to unrated bonds and encourages flexibility.
• If they bond a specific project in that time, then if that next eight years comes up and then the district
• the length of the bond.
• You have 31 school districts.
• I believe, actually, I believe the school board... ...district.

Summary: The Ways and Means Committee met on March 20, 2025, and first approved HB 4025, creating the Duke Farm Stewardship District in Lee County, on a 17-0 vote. The committee then advanced HJR 1215, which proposes a constitutional amendment to exempt agricultural tangible personal property from property tax, after extended debate about the fiscal impact on counties, especially rural and fiscally constrained ones; it passed 16-1. HB 411 also passed unanimously after an amendment, extending affordable housing tax exemption treatment to certain nonprofit projects on leased land, including Habitat for Humanity projects. The committee likewise approved CS/HB 669, allowing local governments to purchase certain unrated bonds, and CS/HB 4017, codifying the Vermont Drainage District charter in Charlotte County, both without opposition. The committee also approved HJR 1039, which would let the Legislature prevent assessed-value increases for homestead properties that are improved to mitigate flood damage, and the related implementing bill HB 1041; both passed 17-0. Public testimony on these items included some opposition to the flood-related amendment, but no floor debate changed the outcome. The final major item was CS/HB 1221 by Rep. Miller, which would require local option taxes to be renewed by voter referendum every eight years, with longer terms allowed for bonded projects. That bill drew the most extensive testimony and debate, with counties, tourism groups, and local officials warning about impacts on tourism funding, infrastructure, schools, and public safety, while supporters argued for taxpayer accountability and periodic review. After debate, the committee reported the bill favorably on a 13-4 vote.

Transcript Highlights:

• school district put Brookline district school district put forth<01:46:05.400><c> a</c><01:46:05.560
• a</c><01:46:25.800><c> warrant</c> School District put forward a warrant School District put forward
• Um, is there a difference in a credit rating of a community or a school district when a bond is utilized
• </c><05:12:58.440><c> District</c><05:12:59.440><c> thank</c> or School District thank or School District
• </c><05:13:31.040><c> District</c> happen um so hean School District happen um so hean School District

Committee: House Municipal and County Government

Transcript Highlights:

• /c><00:05:20.919><c> School</c><00:05:21.319><c> District</c><00:05:22.319><c> pursuant</c> mcgomery
• County School District pursuant mcgomery County School District pursuant to<00:05:22.919><c> KRS</c><
• Agenda items 6C and 6D are new debt issues in five school districts, debt issues with SFCC participation
• </c><00:33:05.440><c> District</c><00:33:05.880><c> debt</c> debt issue in five School District debt
• debt issue in five School District debt issues<00:33:07.120><c> with</c><00:33:07.399><c> sfcc</c><00

Summary: The committee first reorganized by electing new co-chairs for the Capital Projects and Bond Oversight Committee: Senator Fanny Fromom? as Senate co-chair and Representative McPherson as House co-chair, both by acclamation. The committee then approved the minutes from the prior meeting and received quarterly capital project status reports from the Administrative Office of the Courts, Finance and Administration Cabinet, and postsecondary institutions. Those reports noted University of Kentucky equipment purchases, several school districts planning general obligation and revenue bond issues, a notification of non-approval for PR 3567, and Kentucky Community and Technical College System asset preservation projects. Kevin Cardwell of the Finance and Administration Cabinet reported two action items: a $5,100 federal-funded Transportation Cabinet renovation of the Rowan County east and westbound rest areas, and a $1 million federal fund increase for the Capitol City Airport terminal building project, bringing the total federal support to $10 million and reducing the need for restricted funds. The committee also received a no-action report on a $1,363,000 Kentucky State University exterior repairs project funded through the 2024 asset preservation pool. Both action items were approved unanimously after roll call votes. The committee approved four lease renewals presented by Natalie Bronner for Cabinet for Health and Family Services locations in Bell, Lee, and Clay counties, plus a parking lease for the Department of Corrections in Jefferson County. Members asked about lease pricing and were told renewals must remain at existing terms and conditions. The committee then approved a $57,000 Kentucky WATS emergency grant for Wood Creek Water District to cover part of arrears tied to the City of Livingston; members discussed the city’s audit delinquency, possible regional water/sewer solutions, and concerns about rates and private involvement, but the grant was approved. Finally, the committee approved a $1 million line-item water grant to the City of Williamsburg with no action required, three Economic Development Fund grants for Bell, Franklin, and Shelby counties totaling $8 million in state support for site acquisition and infrastructure work, and five SFCC-supported school debt issues for Elizabethtown Independent, Erlanger Independent, Boyd County, Henderson County, and Union County. The school projects included middle school, high school, and vocational school renovations or new construction, and members requested a breakdown of the space funded by the debt. All action items were approved, and the meeting adjourned.

Transcript Highlights:

• The title of this bond is the Veterans and Affordable Housing Bond.
• This is not a veterans housing bond. It's a veterans bait bond.
• youth housing bond.
• Revenue bond versus GO bond. We can put a revenue bond.
• I think we might even... ...bond versus GO bond. We could put a revenue bond.