Measure on the ballot in the 2020 New Mexico General Election in New Mexico.
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Get StartedThis measure would issue no more than $9.7 million in general obligation bonds for improvements at public libraries, public school libraries, academic libraries and tribal libraries statewide. A general obligation bond is public debt and is paid for through state funds, specifically funds from a statewide property tax in New Mexico.
A "yes" vote on this measure is a vote for authorizing the sale and issuance of $9.7 million in bonds for public library improvements.
A "no" vote on this measure is a vote against authorizing the sale and issuance of $9.7 million in bonds for public library improvements.
"Our General Obligation Bonds are on our biennial election ballot and serve to provide necessary funding for most of the state infrastructure needs of universities, senior centers, and libraries among other things. As an ongoing activity, taxes remain stable while allowing funding for necessary improvements. Without these bonds, our institutions would slowly decline", in support of Bond Question B (Learn more)
The 2020 Capital Projects General Obligation Bond Act authorizes the issuance and sale of library acquisition bonds. Shall the state be authorized to issue general obligation bonds in an amount not to exceed nine million seven hundred fifty-one thousand four hundred thirty-three dollars ($9,751,433) to make capital expenditures for academic, public school, tribal and public library resource acquisitions and provide for a general property tax imposition and levy for the payment of principal of, interest on and expenses incurred in connection with the issuance of the bonds and the collection of the tax as permitted by law?
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