2022 General Obligation Bonds
General Obligation bonds come before the voters in the state of New Mexico every two years. They are a proven and accepted method of funding bricks and mortar projects throughout the state. This November, voters will have an opportunity to pass GO Bond 3 for Higher Education to help provide New Mexico’s colleges, universities and specialty schools with the ability to ensure students have the tools and resources they need to be successful. There are no tax increases associated with these bonds.
This year’s GO Bond 3 will provide more than $215 million in higher education funding statewide, including $89.2 million for The University of New Mexico and its branch campuses. Supporting GO Bond 3 not only provides funding for more than 25 projects at colleges and universities in New Mexico with access to the latest in training and teaching tools, but will also help attract, retain and recruit new students to colleges and universities statewide through a variety of projects designed with student success in mind.
UNM has several important projects as part of the GO Bond this year including a new Center for Collaborative Arts & Technology on main campus and a new Children’s Psychiatric Center for the UNM Health Sciences Center on north campus. In addition, each of UNM’s four branch campuses including UNM-Gallup, UNM-Los Alamos, UNM-Taos and UNM-Valencia, all have relevant projects to improve amenities on those campuses, which are strategically important throughout the state. The passage of GO Bond 3 would create 2,000 new jobs in architecture, construction, education and related fields.
In a year where state economies continue to rebound after the pandemic, the economic impact of GO Bond 3 is estimated to be hundreds of millions of dollars, affecting businesses large and small from every corner of New Mexico. Additionally, University budgets throughout the state have also been impacted due to the pandemic.
Continued investment in higher education will make New Mexico attractive to innovative, forward-thinking businesses, creating an opportunity for even more high paying jobs. Our commitment to our colleges and universities will not only help in bringing new jobs to our state and help put people back to work, but it will help ensure graduates stay in New Mexico and help build a bright and robust economy – done with no increase in taxes!
Your support of this year’s GO Bond will help our students gain a competitive edge when they graduate, allowing them to compete in today’s modern economy.
Voters from around New Mexico overwhelmingly supported these much-needed GO improvement bonds for the past five cycles (2012, 2014, 2016, 2018 and again in 2020), and then, just as now, investing in the future of higher education in New Mexico, did not increase taxes.
| 2022 PROJECTS | |
|---|---|
| Center for Collaborative Arts | $45 million |
| New Children’s Psychiatric Center | $36 million |
| UNM-Gallup Gurley Hall Improvements | $3 million |
| UNM-Taos Fred Peralta Hall Renovation | $3 million |
| UNM-LA Campuswide Improvements | $1.3 million |
| UNM-Valencia Roof replacements and solar installations | $900,000 |
| TOTAL | $89.2 million |
