UNM-LA Bonds & Bond 3

Two bonds are on the 2024 general election ballot for Los Alamos County. One is the UNM-LA Bonds, which only supports capital improvement projects for the UNM-LA campus. The other is Bond 3, also known as the GO Bonds, which is on the ballot every other year and supports statewide education capital improvement projects.

Bond 3

General Obligation (GO) bonds are the primary source of capital improvement funding for New Mexico's higher education institutions. They come before voters every two years and are funded by property taxes. Passage of the bond will not increase property tax rates; it is neither a new tax nor an increase in the rate of an existing tax. 

UNM-LA would receive $1 million of these bonds to be used towards existing capital improvement projects that haven’t been completed due to the increase of cost of raw materials and wages.  

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UNM-LA Bonds

The advisory board for The University of New Mexico Los Alamos Branch (UNM-LA) Community College District is asking Los Alamos County voters to decide on $3 million of general obligation bonds for campus improvement projects. Passage of the bonds will increase property tax rates. 

The state will match the county’s $3 million in support with another $9 million, providing a total of $12 million towards UNM-LA capital improvement projects. The money would be used towards new campus projects. 

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