During the recent Finance Committee Meeting on March 8, 2025, Taos Municipal Schools officials highlighted the pressing need to maintain the district's tax rate while addressing rising costs in construction and services. A proposal to issue $21 million in bonds was discussed as a means to keep the tax rate steady, which would prevent any perception of a tax increase among residents.

Committee members expressed concern that if the tax rate declines while issuing bonds, it could lead to confusion and dissatisfaction among taxpayers. The conversation underscored the importance of maintaining facilities and ensuring that the district remains financially viable amid escalating costs.

One member pointed out that the new waiver requirements have been extended through fiscal year 2028, allowing the district more time to strategize on funding and facility maintenance. However, the rising costs of goods and labor present a significant challenge.

The committee acknowledged that while no one wants to see taxes increase, the reality of inflation means that the district may need to consider a small tax increment increase to sustain its operations and future improvements. The overarching goal remains to provide a solid foundation for future boards and superintendents, ensuring the district can continue to serve its students effectively.

As discussions continue, the committee is tasked with balancing fiscal responsibility with the needs of the community and the educational environment.