GO bond 3 puts $215 million in higher education funding up for vote
Zara Roy | November 7With early voting already started and the upcoming Nov. 8 election day rapidly approaching, the University of New Mexico anticipates the results of general obligation bond 3, which would allocate $89.2 million to UNM and a total $125 million to higher education across the state for capital projects if passed. A general obligation bond is money borrowed by the government to fund capital projects such as new facilities and improvements to old buildings and infrastructure. Bonds are paid for by the state and its property owners through property taxes — however, G.O. bonds do not cause an increase in property taxes.













