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Higher Education Improvements Bond Issue
Higher Education Improvements Bond Issue
New Mexico · November 3, 2026
What this measure does
Authorize up to $230 million in general obligation bonds for capital improvements and acquisitions at higher education institutions, special schools, and tribal schools, funded by a statewide property tax
A yes vote means
The state borrows $230 million for college and school improvements, and property taxes increase statewide to pay back the loan.
A no vote means
The state doesn't borrow the money, those improvements don't happen, and property taxes don't increase for this purpose.
Simple explanation
Imagine your state's colleges, universities, and tribal schools need repairs and upgrades—new buildings, better labs, updated facilities. This measure lets the state borrow $230 million to pay for those improvements, and property owners across the state will pay back that loan through slightly higher property taxes over time.