New Mexico Higher Education Bond C

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What is Bond C?

Support Jobs, the Economy, GrowthWithout Raising Property Taxes. Bond C is a statewide bond issue to provide funds for 33 public colleges, universities and specialty schools in 23 cities and 21 counties across New Mexico. Funds from the GO Bond C will invest in state-owned facilities that we taxpayers have already paid for. They will allow colleges, universities and schools to repair and renovate facilities, improve safety and update technology. New Mexico students need and deserve to study and learn in safe, modern facilities. Up-to-date technology will keep our state’s best and brightest students in New Mexico.

GO Bond C will not raise property tax rates. It is not a new tax, but a continuation of an existing property tax. If GO Bond C does not pass, property tax rates will not necessarily go down. In 2010, the GO bond for higher education failed, and to the best of our knowledge property taxes did not decrease in a single New Mexico county following that election.

Bond C at Santa Fe Community College

$2 Million to Maintain SFCC’s Campus Infrastructure.  Many degrees and certificates require a blend of classroom, hands-on and online learning. While most SFCC classes have transitioned online, certain courses – healthcare, trades, fine arts – require face-to-face instruction on campus, using Covid-safe best practices. SFCC’s campus was established in 1988, which means that most of the facilities are more than 30 years old. If the bonds pass, SFCC will receive $2 million for asset protection, including fire suppression systems, stucco, and fencing, also:

  • Address aging utilities and energy systems, load and power distribution, and water systems in accordance with the state’s new energy efficiency mandate;
  • Support renewable energy and efficiency commitments consistent with the state’s new codes;
  • Further the operation and maintenance of microgrid technologies on campus and in the classroom;
  • Ensure SFCC remains ahead of potential health and safety hazards;
  • Provide upgrades to the physical plant, buildings and learning spaces campus wide;
  • Repair external façades and infrastructure; and
  • Pay for the SFCC’s required portion of Santa Fe County’s southeast connector.

An Important Community Resource. SFCC serves students, faculty, staff and the community. For example, over nine weeks this summer during Covid-19, the college, in partnership with World Central Kitchen, prepared and delivered more than 50,000 free, fresh meals to community members in need. SFCC’s partnerships with local business and industry helps to provide trained employees for good-paying jobs in our community.

Stimulate Economic Growth. Projects funded will create about 1,500 new jobs. Workers in these jobs will boost local businesses and add to local gross receipts tax bases – needed now more than ever. New Mexico’s colleges, universities and special schools are critical to our state’s economy and play an important role in its revitalization. According to the New Mexico Higher Education Department 2019 Annual Report, as of 2018 more than 122,000 students attended classes taught by 7,000 faculty members and supported by thousands of staff at these institutions. Over 30,000 certificates and degrees were awarded in the 2018-2019 Academic Year. For New Mexico to grow, we need a well-educated, well-trained workforce. College Board 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%.

Invest in Higher Education. Obtaining a college degree can translate to a higher salary and increased lifetime earnings. It’s a good investment. An individual with an associate degree earns about 15% more than a high school graduate, according to the National Center for Education Statistics. According to The Balance noting 2019 data from the U.S. Bureau of Labor Statistics, the average weekly median salary for those with a bachelor’s degree was $1,248, compared to $746 for high school graduates.

 Keep Tuition Affordable. In September 2019, move.org revealed research that New Mexico is the second-least expensive state for college tuition in the U.S. According to a September 2017 article on credit.com, New Mexico students enjoy an average return of 151% on their college degrees. In August 2020, Wallet Hub ranked SFCC #13 in the nation and #1 in the state for providing an affordable education.

 Visit BondCforNM.com for more information.

Important Dates

Early Voting: Saturday, October 17 through Saturday, October 31
Absentee Voting Begins: Tuesday, October 6 through Saturday, October 31
Voter registration for 2020 General Election ends: October 6, 2020; October 31, 2020 in person
Election Day: Tuesday, November 3