About GO Bond C for Higher Education
General Obligation Bond C is a statewide referendum aimed at ensuring students attending a public college, university or specialty school in New Mexico receive a safe, quality education. It is about maintaining the facilities already paid for by taxpayers with critically needed renovations, and upgrading technology so our students receive the tools they need to excel.
GO Bond C is funded by property taxes. It is not a new tax, but a continuation of an existing property tax. Your support of GO Bond C will not increase your property tax rates, as verified by the State of New Mexico Department of Finance and Administration.
Why this bond funding is important
For many colleges, universities and specialty schools throughout New Mexico, GO Bond C will be their only source of funding for critical renovations and facility upkeep. It will also help provide access to the latest in technology and training. GO Bond C isn’t just about buildings; it’s about educating our future leaders and keeping the best and brightest in our state. That’s why everyone has a stake in supporting quality higher education.
GO Bond C would create more than 1,500 new jobs in 23 cities across New Mexico
Projects funded by GO Bond C will create more than 1,500 new jobs in construction, architecture and related fields. Workers in these jobs will boost local businesses and add to local gross receipts tax bases, which is needed now more than ever.
A key economic driver and partner in New Mexico’s revitalization
New Mexico’s colleges, universities and specialty schools are critical to our economy. As of 2018:
- More than 122,000 students attended classes
- Nearly 7,000 faculty taught classes
- More than 30,000 degrees and certificates were awarded annually
- Thousands of staff are employed at these institutions
Keeping our public colleges, universities and specialty schools well maintained and up to date is about the future
In order for New Mexico to grow, we need a well-educated, well-trained workforce. Collegeboard.com research reported that a 1% increase in college graduates in a community benefits everyone, increasing the wages of workers without a high school diploma by 1.9% and the wages of workers with a high school diploma by 1.6%.
Training and education are more important than ever before
In today’s world, obtaining an education after high school is more important than ever before.*
- Individuals with certificates and college degrees earn more money than those with a high school diploma.
- Individuals with certificates and college degrees face lower unemployment than those with a high school diploma.
- A college degree offers a higher return on investment (ROI) than the long-term investment in stocks or bonds.
In fact, researchers at Georgetown University reported 99% of job growth from 2010-2016 went to workers with associate’s degrees, bachelor’s degrees or graduate degrees.
*For more information about the importance of higher education, check the Facts tab on this website.
Higher education is affordable in New Mexico
Many degrees and certificates (healthcare, trades, technology, etc.) REQUIRE a blend of classroom, hand-on learning and online instruction, so it’s important to invest in multiple methods of learning.
In 2012, 2014, 2016 and 2018, voters from around New Mexico overwhelmingly supported these much-needed higher education improvement funds. Supporting GO Bond C will NOT increase tax rates, but will make a difference now and for generations to come. It is a good investment in New Mexico.