New Mexico voters to decide $351.6 million higher education bond
Voters in New Mexico will weigh General Obligation Bond 3 in November, which would fund campus repairs and a new University of New Mexico medical school without raising tax rates. Western New Mexico University would also receive money.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
New Mexico voters will decide General Obligation Bond 3 in the November general election, which would provide $351.6 million for higher education facilities. The bond would pay for campus repairs and a new University of New Mexico School of Medicine, with no tax rate hike. Western New Mexico University is among the schools that would receive funding.
Why it matters
The bonds are a major funding source for upgrades at the state's colleges and universities. They are placed before voters every two years.
Timeline
- Oct 13, 8:00 PM ET: General obligation bonds, including Bond 3, were described as a recurring funding source for higher education capital improvements in New Mexico.
- Oct 14, 11:00 AM ET: Western New Mexico University said Bond 3 would provide it with funding.
- Oct 16, 1:15 AM ET: Voters were set to decide $351.6 million in bonds for campus fixes and the new UNM medical school.
Coverage
- GO Bond 3 could fund millions in higher education, including new UNM School of Medicine (krqe.com)
- ‘More than the building:’ GO Bond 3 seeks $351.6M for education facilities (santafenewmexican.com)
- WNMU and Higher Education GO Bond - A Win/Win for the Region (wnmu.edu)
- GO Bond 3 Would Invest in New Mexico’s Future Through Higher Education (hscnews.unm.edu)
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