New Mexico Voters to Decide on $230M Higher Education Bond
What happened
New Mexico voters will decide on General Obligation Bond 3, which seeks authorization for the state to issue over $230 million in bonds to fund public higher education institutions and tribal schools. If approved, the bond would fund a new University of New Mexico School of Medicine facility in Albuquerque and provide $3 million for the renovation of Calvin Hall Center at the University of New Mexico Gallup.
From unm.edu
Why it matters
The bond is projected to create nearly 3,500 new jobs and contribute to the economies of 25 communities across New Mexico. The funding would provide $126.1 million to the University of New Mexico and its branch campuses.
Albuquerque and Gallup are located in New Mexico.
From unm.edu
Who's involved
- New MexicoState where the General Obligation Bond 3 is proposed
- University of New MexicoReceives $126.1 million for expansion and construction of a new School of Medicine facility
- University of New Mexico GallupReceives $3 million for the renovation of Calvin Hall Center
- GallupCity where the University of New Mexico Gallup is located
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- University of New MexicoSpeculative
The University of New Mexico could see increased revenue from the new School of Medicine facility.
- University of New Mexico GallupSpeculative
The University of New Mexico Gallup may see increased operational costs related to the Calvin Hall Center renovation.
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The entities involved
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New Mexico
state of the United States of America
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Albuquerque
city and county seat of Bernalillo County, New Mexico, United States and the largest city in the state
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Gallup
city in and county seat of McKinley County, New Mexico, United States
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