2020 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 C 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.
GO Bond C will provide more than $155 million in higher education funding, including $51,400,000 for The University of New Mexico and its branch campuses, with no increase in taxes. Supporting GO Bond C not only provides more than 60 colleges and universities with access to the latest in training and teaching tools, but your support will help create jobs – including more than 1,500 new jobs that will be created in communities throughout the state.
|2020 GO Bonds Projects|
|HSC Nursing & Population Health building||$30,000,000|
|Academic & Research Infrastructure upgrades||$13,200,000 – five projects|
|- Learning Environment & Technology Support Upgrades||$3,200,000|
|- Research Infrastructure Upgrades||$2,000,000|
|- Electrical Infrastructure Renewal||$2,000,000|
|- Campus Fiber Renewal||$2,500,000|
|- Edge Switch Equipment Refresh||$3,500,000|
|Branch Campus Projects||$8,200,000 - four projects|
|- Gallup Branch: Center for Career Technologies Renovations||$3,000,000|
|- Taos Branch: Security and Safety Site Improvements||$2,000,000|
|- Los Alamos Branch: Workforce Development & Continuing Technical Education Laboratory||$1,700,000|
|- Valencia Branch: Fire Safety Infrastructure Upgrades||$1,500,000|
In a year where state economies are suffering due to the pandemic, the economic impact of GO Bond C 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. The passage of GO Bond C will help attract, retain and recruit new students to colleges and universities statewide.
Additionally, 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!
continued investment in higher education will make New Mexico attractive to innovative, forward-thinking businesses
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 four cycles (2012, 2014, 2016 and 2018), and then, just as now, investing in the future of higher education in New Mexico, did not increase taxes.