Voters of New Mexico approved three General Obligation (GO) Bonds, totaling nearly $260 million, for the construction or improvement of senior centers, libraries, and facilities for colleges and universities.
GO Bond 3 was of particular importance to The University of New Mexico—and to all colleges, universities, and specialty schools in our state—as it provided more than $215 million to fund higher education projects statewide. With the passage of GO Bond 3, UNM will receive approximately $89 million on several exciting projects across our campuses—projects that benefit not just Lobos, but all New Mexicans.
On UNM's main campus, these funds will be used the proposed Center for Collaborative Arts and Technology (CCAT), a singular home for College of Fine Arts, which presently sprawls across 13 buildings, will allow students to grow and have the resources they need to be successful, while also serving as an anchor for the ever-burgeoning New Mexico arts community. Additionally, the UNM Children’s Psychiatric Center will undergo a much-needed expansion to ensure continued top-tier services at the only center in the state that cares for children with serious emotional disturbances—regardless of a family's ability to pay.
The passage of GO Bond 2 for libraries means that $6 million will be shared across our state’s institutions of higher education, supplying critical resources to our scholars and researchers, including acquisition and electronic access to databases and other study tools.
"This funding will help to improve facilities on main and north campus and also at our four branch campuses, including improvements to Gurley Hall at UNM-Gallup, renovation of Fred Peralta Hall at UNM-Taos, upgrading safety and energy efficiency features at UNM-Los Alamos, and replacing roofs and installing solar panels at UNM-Valencia," said UNM President Garnett S. Stokes. "None of these projects would be possible without the thoughtful support of New Mexico’s voters and taxpayers, who have entrusted us with the responsibility of using these funds to expand access to education and services, improve the campus and community experience, and change lives for the better across our state. We are grateful for the support."
GO bonds come before the voters of our state every two years and are a proven and accepted method of funding brick-and-mortar projects in communities across our state. There are no tax increases associated with these bonds.
For more information and specific details on each project, visit UNM Bonds.