Senate OKs GO-Backed CIP

The New Mexico Senate has approved a capital improvements package totaling $224 million to be financed with proceeds from general obligation bonds supported by a statewide property tax. The questions will be on the November general election ballot.

 

The measures include $140 million for higher education, $58 million for health facilities, $15 million for senior citizen centers, and $11 million to buy books and equipment for city, county, tribal, school, and university libraries.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER