Measure on the ballot in the 2020 New Mexico General Election in New Mexico.
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Get StartedThis measure would authorize the sale and issuance of $156.3 million in bonds for public higher education institutions, special public schools, and native tribal schools. A general obligation bond is public debt and is paid for through state funds, specifically funds from a statewide property tax in New Mexico.
A "yes" vote on this measure is a vote authorizing the sale and issuance of $156.3 million in bonds for public higher education institutions, special public schools, and native tribal schools.
A "no" vote on this measure is a vote against authorizing the sale and issuance of $156.3 million in bonds for public higher education institutions, special public schools, and native tribal schools.
"Our General Obligation Bonds are on our biennial election ballot and serve to provide necessary funding for most of the state infrastructure needs of universities, senior centers, and libraries among other things. As an ongoing activity, taxes remain stable while allowing funding for necessary improvements. Without these bonds, our institutions would slowly decline", in support of Bond Question C (Learn more)
The 2020 Capital Projects General Obligation Bond Act authorizes the issuance and sale of higher education, special schools and tribal schools capital improvement and acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed one hundred fifty-six million three hundred fifty-eight thousand four hundred seventy-five dollars ($156,358,475) to make capital expenditures for certain higher education, special schools and tribal schools capital improvements and acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?
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