New Mexico Bond Question 1 (2008)
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New Mexico Bond Question 1, also known as Bond Question A, appeared on the November 4, 2008 ballot in New Mexico, along with three other bond questions, as part of the 2008 Capital Projects General Obligation Bond Act passed by the New Mexico State Legislature.
All four bond measures were approved by voters, and the total amount is $223,802,000 ($22.3 million).
2008 election results
These election results are based on the New Mexico Elections Division.[1]
| Bond Question 1 | ||||
|---|---|---|---|---|
| Yes or no | Votes | Percentage | ||
 Yes
| 396,733 | 59% | ||
| No | 272,400 | 41% | ||
| Total votes | 669,133 | 100% | ||
Specific Provisions
Bond Question 1 enacted the following provisions:
- Authorized the issuance and sale of senior citizen facility improvement, construction and equipment acquisition bonds in an amount not to exceed $14,725,000.
- Proceeds of the bond are to go to make capital expenditures for certain senior citizen facility improvements, construction and equipment acquisition projects.
- Provided 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 for the collection of the tax as permitted by law.
- The passage of all bonds costs taxpayers a gross $15.60 annually for every $100,000 of assessed value of property owned over the course of the 10-year life of the bonds.
Supporters
Editorial Support:
Arguments in Support
Notable arguments made in support of the measure included:
- The bonds will benefit many areas with minimal impact financially
See also
External links
References
- ↑ New Mexico Elections Division, 2008 Election Results
- ↑ La Cruces News: "GO Bonds Our choice: We support them," Oct 21, 2008
- ↑ Santa Fe New Mexican: "Our views on N.M.'s amendments, bonds," Oct 10, 2008
