Bond Question 3: Higher Education, Special Schools, and Tribal Schools Bonds ($352.2 Million)
Unofficial result: Passed
Source: electionresults.sos.nm.gov
New Mexico
My vote power: Above average
What does this measure do?
Supports: Public Education Quality
Lets the state borrow about $352 million for buildings and equipment at colleges, universities, special schools, and tribal schools. Property owners statewide repay it with interest through the state property tax.
Read the official ballot measure (PDF)
Proposed by: New Mexico Legislature (House Bill 248, Rep. Derrick Lente)
Rep. Lente is a Democrat from House District 65. The borrowing bill passed the House 65-0 and the Senate 38-0. Voters decide it as three questions.
Source: nmlegis.gov
A YES vote means
The state issues about $352 million in bonds for higher education and special school buildings, repaid by a statewide property tax.
A NO vote means
No bonds are issued; those campus projects wait for other funding.
Sources: ballotpedia.org · yahoo.com · news.ballotpedia.org